Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Drops By 86.3%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 99,264 shares, a decline of 86.3% from the June 30th total of 726,100 shares. Based on an average trading volume of 86,034 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its holdings in Franklin Systematic Style Premia ETF by 2.6% during the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after buying an additional 434 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at approximately $1,423,000. Raymond James Financial Inc. bought a new position in Franklin Systematic Style Premia ETF during the 2nd quarter worth approximately $117,000. Bank of America Corp DE boosted its stake in Franklin Systematic Style Premia ETF by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock worth $25,816,000 after acquiring an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Franklin Systematic Style Premia ETF by 458.3% during the second quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after purchasing an additional 13,336 shares during the period.

Franklin Systematic Style Premia ETF Price Performance

Shares of FLSP stock traded up $0.12 during trading hours on Friday, reaching $27.93. The company had a trading volume of 59,527 shares, compared to its average volume of 110,748. The company has a 50 day moving average of $27.49 and a 200 day moving average of $27.26. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1-year low of $24.30 and a 1-year high of $29.01.

About Franklin Systematic Style Premia ETF

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.