Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 54,810 shares, an increase of 297.6% from the September 30th total of 13,785 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 146,423 shares, the short-interest ratio is presently 0.4 days.
Franklin Systematic Style Premia ETF Stock Performance
Franklin Systematic Style Premia ETF stock traded up $0.17 during trading hours on Wednesday, reaching $29.03. 52,851 shares of the company’s stock traded hands, compared to its average volume of 115,235. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.32 and a beta of 0.03. Franklin Systematic Style Premia ETF has a fifty-two week low of $26.30 and a fifty-two week high of $30.00. The firm’s 50 day moving average is $28.69 and its 200-day moving average is $27.70.
Institutional Investors Weigh In On Franklin Systematic Style Premia ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Franklin Systematic Style Premia ETF by 5.7% in the first quarter. Bank of America Corp DE now owns 1,857,918 shares of the company’s stock valued at $50,535,000 after acquiring an additional 99,527 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Franklin Systematic Style Premia ETF by 8.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,502,520 shares of the company’s stock valued at $41,605,000 after acquiring an additional 121,520 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Franklin Systematic Style Premia ETF by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,313,990 shares of the company’s stock valued at $35,741,000 after acquiring an additional 69,466 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Franklin Systematic Style Premia ETF by 34,460.7% in the 1st quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after purchasing an additional 491,409 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at $4,198,000.
About Franklin Systematic Style Premia ETF
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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