Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Sees Significant Decrease in Short Interest

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 35 shares, a decline of 96.6% from the April 30th total of 1,024 shares. Based on an average daily volume of 5,744 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

A number of hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Small Cap Multifactor Index ETF in the 4th quarter valued at $61,000. IFP Advisors Inc grew its position in Franklin U.S. Small Cap Multifactor Index ETF by 8.7% in the fourth quarter. IFP Advisors Inc now owns 3,496 shares of the company’s stock valued at $151,000 after acquiring an additional 279 shares during the period. Raymond James Financial Inc. acquired a new position in Franklin U.S. Small Cap Multifactor Index ETF during the second quarter worth $256,000. CWM LLC raised its stake in Franklin U.S. Small Cap Multifactor Index ETF by 506.5% during the fourth quarter. CWM LLC now owns 6,963 shares of the company’s stock worth $301,000 after acquiring an additional 5,815 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Franklin U.S. Small Cap Multifactor Index ETF by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,363 shares of the company’s stock valued at $318,000 after acquiring an additional 390 shares during the period.

Franklin U.S. Small Cap Multifactor Index ETF Price Performance

Shares of FLQS remained flat at $45.95 during midday trading on Friday. The stock had a trading volume of 1,105 shares, compared to its average volume of 9,067. Franklin U.S. Small Cap Multifactor Index ETF has a 12 month low of $40.02 and a 12 month high of $46.51. The firm has a market cap of $52.84 million, a P/E ratio of 16.41 and a beta of 0.99. The firm has a 50 day moving average of $44.66 and a 200 day moving average of $44.28.

About Franklin U.S. Small Cap Multifactor Index ETF

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.