Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 11,762 shares, an increase of 220.4% from the July 15th total of 3,671 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 75,756 shares, the days-to-cover ratio is currently 0.2 days.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.1%
BATS:FLQM opened at $61.54 on Friday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The firm has a fifty day simple moving average of $59.10 and a two-hundred day simple moving average of $57.49. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $53.87 and a 12 month high of $61.71.
Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. boosted its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 1.0% in the fourth quarter. Great Valley Advisor Group Inc. now owns 17,726 shares of the company’s stock worth $997,000 after acquiring an additional 177 shares in the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 2.6% during the third quarter. Pinnacle Financial Partners Inc. now owns 8,835 shares of the company’s stock valued at $499,000 after acquiring an additional 220 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock valued at $821,000 after acquiring an additional 275 shares in the last quarter. Pacific Sun Financial Corp raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.5% during the first quarter. Pacific Sun Financial Corp now owns 7,447 shares of the company’s stock worth $409,000 after purchasing an additional 320 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% during the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares during the period.
Franklin U.S. Mid Cap Multifactor Index ETF Company Profile
The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.
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