Franklin Systematic Style Premia ETF (NYSEARCA:FLSP – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 54,706 shares, a growth of 73.4% from the August 31st total of 31,552 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 215,995 shares, the days-to-cover ratio is currently 0.3 days.
Franklin Systematic Style Premia ETF Price Performance
NYSEARCA:FLSP opened at $28.81 on Friday. Franklin Systematic Style Premia ETF has a 1-year low of $26.02 and a 1-year high of $30.00. The company has a 50-day moving average of $28.44 and a 200 day moving average of $27.72. The firm has a market cap of $1.10 billion, a PE ratio of 18.32 and a beta of 0.03.
Institutional Investors Weigh In On Franklin Systematic Style Premia ETF
Several hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Franklin Systematic Style Premia ETF by 8.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,502,520 shares of the company’s stock valued at $41,605,000 after purchasing an additional 121,520 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Franklin Systematic Style Premia ETF by 6.8% in the second quarter. Integrated Wealth Concepts LLC now owns 25,920 shares of the company’s stock worth $718,000 after buying an additional 1,660 shares in the last quarter. RFG Advisory LLC purchased a new stake in Franklin Systematic Style Premia ETF during the second quarter worth $2,609,000. Baird Financial Group Inc. purchased a new stake in Franklin Systematic Style Premia ETF during the second quarter worth $2,487,000. Finally, Ameritas Advisory Services LLC bought a new stake in Franklin Systematic Style Premia ETF during the 2nd quarter valued at $218,000.
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.
Featured Stories
- Five stocks we like better than Franklin Systematic Style Premia ETF
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for Franklin Systematic Style Premia ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Systematic Style Premia ETF and related companies with MarketBeat.com's FREE daily email newsletter.
