Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 5,194 shares, a decline of 68.3% from the September 30th total of 16,410 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 99,301 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF
Hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $1,241,000. Park Avenue Securities LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter worth approximately $339,000. Sigma Planning Corp acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $206,000. MBL Wealth LLC boosted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 389.4% in the 3rd quarter. MBL Wealth LLC now owns 41,285 shares of the company’s stock valued at $2,371,000 after buying an additional 32,850 shares during the last quarter. Finally, Sage Private Wealth Group LLC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at approximately $292,000.
Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 0.5%
Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $61.27 on Wednesday. The company has a market cap of $1.88 billion, a P/E ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $53.87 and a 1-year high of $62.20. The company has a fifty day simple moving average of $59.87 and a 200 day simple moving average of $58.13.
About Franklin U.S. Mid Cap Multifactor Index ETF
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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