Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Sees Significant Decrease in Short Interest

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 41,236 shares, a drop of 95.5% from the March 31st total of 923,025 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 125,807 shares, the days-to-cover ratio is currently 0.3 days.

Franklin Systematic Style Premia ETF Stock Performance

FLSP stock traded up $0.09 during mid-day trading on Friday, reaching $27.06. 24,529 shares of the stock traded hands, compared to its average volume of 123,895. Franklin Systematic Style Premia ETF has a one year low of $23.15 and a one year high of $27.89. The stock has a market capitalization of $736.03 million, a PE ratio of 18.32 and a beta of 0.05. The business has a 50-day moving average price of $27.25 and a two-hundred day moving average price of $27.01.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

A number of large investors have recently made changes to their positions in FLSP. Integrated Wealth Concepts LLC grew its holdings in Franklin Systematic Style Premia ETF by 2.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after purchasing an additional 434 shares during the last quarter. National Bank of Canada FI bought a new stake in Franklin Systematic Style Premia ETF in the third quarter worth about $27,000. Assetmark Inc. boosted its position in shares of Franklin Systematic Style Premia ETF by 1,558.1% during the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after buying an additional 1,340 shares during the period. World Investment Advisors boosted its position in shares of Franklin Systematic Style Premia ETF by 15.1% during the third quarter. World Investment Advisors now owns 13,100 shares of the company’s stock valued at $347,000 after buying an additional 1,720 shares during the period. Finally, PFG Advisors grew its stake in shares of Franklin Systematic Style Premia ETF by 3.4% during the fourth quarter. PFG Advisors now owns 60,371 shares of the company’s stock valued at $1,625,000 after buying an additional 2,009 shares during the last quarter.

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.