Franklin Focused Growth ETF (BATS:FFOG – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 23,491 shares, a growth of 903.9% from the June 30th total of 2,340 shares. Based on an average daily volume of 37,133 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are short sold.
Institutional Investors Weigh In On Franklin Focused Growth ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FFOG. Jane Street Group LLC acquired a new position in shares of Franklin Focused Growth ETF during the first quarter valued at $646,000. Raymond James Financial Inc. boosted its holdings in Franklin Focused Growth ETF by 29.4% in the second quarter. Raymond James Financial Inc. now owns 59,979 shares of the company’s stock valued at $2,638,000 after acquiring an additional 13,624 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in Franklin Focused Growth ETF by 54.6% in the third quarter. Equitable Holdings Inc. now owns 57,495 shares of the company’s stock valued at $2,734,000 after acquiring an additional 20,307 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Franklin Focused Growth ETF in the third quarter worth about $8,407,000. Finally, Citadel Advisors LLC increased its position in Franklin Focused Growth ETF by 5.7% in the third quarter. Citadel Advisors LLC now owns 30,500 shares of the company’s stock worth $1,451,000 after purchasing an additional 1,642 shares during the period.
Franklin Focused Growth ETF Stock Performance
BATS:FFOG opened at $47.22 on Friday. The stock’s fifty day moving average price is $50.01 and its two-hundred day moving average price is $46.82. Franklin Focused Growth ETF has a 52-week low of $38.89 and a 52-week high of $52.50. The company has a market cap of $160.55 million, a price-to-earnings ratio of 47.17 and a beta of 1.43.
Franklin Focused Growth ETF Company Profile
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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