Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 726,100 shares, an increase of 1,866.7% from the June 15th total of 36,920 shares. Based on an average trading volume of 211,519 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.0% of the shares of the stock are short sold.
Institutional Trading of Franklin Systematic Style Premia ETF
Several institutional investors have recently bought and sold shares of FLSP. National Bank of Canada FI acquired a new position in Franklin Systematic Style Premia ETF during the third quarter worth about $27,000. Assetmark Inc. raised its holdings in Franklin Systematic Style Premia ETF by 1,558.1% in the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after acquiring an additional 1,340 shares during the last quarter. CoreCap Advisors LLC raised its holdings in Franklin Systematic Style Premia ETF by 48.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock valued at $48,000 after acquiring an additional 565 shares during the last quarter. Royal Bank of Canada lifted 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. Finally, Kestra Advisory Services LLC purchased a new position in Franklin Systematic Style Premia ETF in the 4th quarter worth approximately $68,000.
Franklin Systematic Style Premia ETF Stock Performance
Shares of Franklin Systematic Style Premia ETF stock traded up $0.28 on Friday, hitting $27.63. The company’s stock had a trading volume of 84,883 shares, compared to its average volume of 113,055. Franklin Systematic Style Premia ETF has a 1 year low of $23.90 and a 1 year high of $29.01. The firm has a fifty day moving average price of $27.36 and a 200-day moving average price of $27.20. The company has a market capitalization of $993.30 million, a price-to-earnings ratio of 18.32 and a beta of 0.04.
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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