Short Interest in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Grows By 186.9%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 42,384 shares, a growth of 186.9% from the May 31st total of 14,771 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 110,350 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

A number of large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth approximately $50,000. Comerica Bank purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter valued at $51,000. Richards Merrill & Peterson Inc. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth $52,000. NewEdge Advisors LLC increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock worth $58,000 after purchasing an additional 326 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after purchasing an additional 221 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.4%

Shares of FLQM stock opened at $58.08 on Friday. The company’s fifty day simple moving average is $56.87 and its two-hundred day simple moving average is $56.87. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.64 and a 52 week high of $58.70. The stock has a market cap of $1.78 billion, a P/E ratio of 16.69 and a beta of 0.98.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

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.