Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,671 shares, a decrease of 88.5% from the June 30th total of 31,842 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 101,911 shares, the days-to-cover ratio is presently 0.0 days.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance
Shares of BATS FLQM opened at $59.25 on Monday. The company has a 50 day simple moving average of $57.81 and a two-hundred day simple moving average of $57.15. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $53.72 and a fifty-two week high of $60.34. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLQM. Leo Wealth LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth $1,025,000. KPP Advisory Services LLC boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 15.7% in the 4th quarter. KPP Advisory Services LLC now owns 94,187 shares of the company’s stock worth $5,299,000 after purchasing an additional 12,811 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 7.0% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 194,888 shares of the company’s stock worth $10,964,000 after purchasing an additional 12,690 shares in the last quarter. Integrity Financial Corp WA grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 7.5% during the 4th quarter. Integrity Financial Corp WA now owns 153,724 shares of the company’s stock valued at $8,649,000 after purchasing an additional 10,775 shares during the last quarter. Finally, Financial Consulate Inc. increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 4.4% during the 4th quarter. Financial Consulate Inc. now owns 380,180 shares of the company’s stock valued at $21,389,000 after purchasing an additional 16,033 shares in the last quarter.
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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