Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 100,838 shares, an increase of 50.9% from the July 15th total of 66,823 shares. Based on an average daily volume of 46,096 shares, the short-interest ratio is presently 2.2 days. Currently, 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On Franklin U.S. Equity Index ETF
A number of large investors have recently bought and sold shares of USPX. Jane Street Group LLC grew its position in Franklin U.S. Equity Index ETF by 160.2% in the 1st quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock valued at $2,085,000 after acquiring an additional 26,203 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Franklin U.S. Equity Index ETF in the second quarter worth about $254,000. Bank of America Corp DE grew its holdings in shares of Franklin U.S. Equity Index ETF by 19.9% in the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after purchasing an additional 455 shares during the last quarter. Citadel Advisors LLC purchased a new position in Franklin U.S. Equity Index ETF in the 3rd quarter worth about $1,912,000. Finally, Sanctuary Advisors LLC increased its stake in Franklin U.S. Equity Index ETF by 4.0% in the 4th quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock worth $118,780,000 after buying an additional 75,801 shares during the period.
Franklin U.S. Equity Index ETF Price Performance
Franklin U.S. Equity Index ETF stock opened at $67.18 on Thursday. Franklin U.S. Equity Index ETF has a 1-year low of $54.99 and a 1-year high of $68.16. The firm has a market capitalization of $2.06 billion, a P/E ratio of 25.39 and a beta of 0.93. The company’s 50-day moving average is $65.68 and its 200 day moving average is $62.70.
About Franklin U.S. Equity Index ETF
The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).
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