Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 13,785 shares, a drop of 74.8% from the September 15th total of 54,706 shares. Based on an average daily trading volume, of 128,477 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Franklin Systematic Style Premia ETF
Several large investors have recently made changes to their positions in FLSP. CoreCap Advisors LLC increased its holdings in shares of Franklin Systematic Style Premia ETF by 22.2% in the third quarter. CoreCap Advisors LLC now owns 2,107 shares of the company’s stock valued at $60,000 after buying an additional 383 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Franklin Systematic Style Premia ETF by 10.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,240 shares of the company’s stock worth $379,000 after acquiring an additional 1,240 shares in the last quarter. Royal Bank of Canada increased its stake in Franklin Systematic Style Premia ETF by 200.6% in the 1st quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after purchasing an additional 1,290 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Franklin Systematic Style Premia ETF by 6.8% during the second quarter. Integrated Wealth Concepts LLC now owns 25,920 shares of the company’s stock valued at $718,000 after acquiring an additional 1,660 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in Franklin Systematic Style Premia ETF during the 1st quarter valued at $96,000.
Franklin Systematic Style Premia ETF Trading Down 0.1%
NYSEARCA:FLSP traded down $0.04 during mid-day trading on Monday, reaching $28.78. 90,871 shares of the stock were exchanged, compared to its average volume of 115,250. The business has a fifty day moving average price of $28.52 and a 200 day moving average price of $27.79. The firm has a market capitalization of $1.10 billion, a PE ratio of 18.32 and a beta of 0.03. Franklin Systematic Style Premia ETF has a 1-year low of $26.03 and a 1-year high of $30.00.
Franklin Systematic Style Premia ETF Company Profile
The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.
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