Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 33,726 shares, a decline of 58.8% from the July 30th total of 81,760 shares. Based on an average daily trading volume, of 76,974 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.
Franklin Systematic Style Premia ETF Trading Down 0.2%
NYSEARCA:FLSP traded down $0.05 during trading hours on Friday, hitting $28.32. 33,650 shares of the company traded hands, compared to its average volume of 105,957. The firm has a 50-day moving average of $27.92 and a 200 day moving average of $27.49. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a twelve month low of $25.12 and a twelve month high of $29.01.
Hedge Funds Weigh In On Franklin Systematic Style Premia ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF during the 2nd quarter valued at about $218,000. Aspire Capital Advisors LLC acquired a new position in Franklin Systematic Style Premia ETF in the second quarter worth about $215,000. Coppell Advisory Solutions LLC bought a new position in Franklin Systematic Style Premia ETF during the second quarter worth about $39,000. Dynamic Advisor Solutions LLC lifted its stake in Franklin Systematic Style Premia ETF by 24.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 143,526 shares of the company’s stock worth $3,974,000 after purchasing an additional 27,958 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in Franklin Systematic Style Premia ETF by 48.7% during the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after purchasing an additional 565 shares during the period.
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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