Franklin Focused Growth ETF (BATS:FFOG – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,340 shares, a decrease of 88.3% from the June 15th total of 19,991 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,196 shares, the short-interest ratio is presently 0.0 days.
Franklin Focused Growth ETF Stock Performance
Shares of BATS:FFOG traded up $0.20 during midday trading on Friday, hitting $50.75. The company’s stock had a trading volume of 17,895 shares, compared to its average volume of 45,285. The company has a market cap of $172.55 million, a P/E ratio of 47.17 and a beta of 1.43. Franklin Focused Growth ETF has a 12-month low of $38.89 and a 12-month high of $52.50. The business’s 50 day simple moving average is $50.13 and its 200 day simple moving average is $46.66.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of Franklin Focused Growth ETF in the first quarter valued at approximately $249,000. Cetera Investment Advisers boosted its stake in Franklin Focused Growth ETF by 14.6% during the first quarter. Cetera Investment Advisers now owns 315,497 shares of the company’s stock worth $12,961,000 after buying an additional 40,185 shares during the last quarter. Independent Financial Group LLC acquired a new position in Franklin Focused Growth ETF during the first quarter worth $628,000. D.A. Davidson & CO. grew its holdings in Franklin Focused Growth ETF by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 17,182 shares of the company’s stock valued at $706,000 after buying an additional 817 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Franklin Focused Growth ETF by 22.6% in the 1st quarter. Kestra Advisory Services LLC now owns 11,938 shares of the company’s stock valued at $490,000 after buying an additional 2,204 shares in the last quarter.
About Franklin Focused Growth ETF
The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.
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