Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Decreases By 37.6%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 20,765 shares, a drop of 37.6% from the April 30th total of 33,268 shares. Based on an average daily volume of 27,096 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLSP. National Bank of Canada FI purchased a new stake in Franklin Systematic Style Premia ETF during the third quarter valued at approximately $27,000. Assetmark Inc. boosted its stake in Franklin Systematic Style Premia ETF by 1,558.1% during the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after buying an additional 1,340 shares during the period. Royal Bank of Canada increased its position in Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock valued at $53,000 after acquiring an additional 1,290 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Franklin Systematic Style Premia ETF during the fourth quarter valued at $68,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Franklin Systematic Style Premia ETF in the first quarter valued at $96,000.

Franklin Systematic Style Premia ETF Trading Up 0.9%

Shares of NYSEARCA:FLSP traded up $0.24 during mid-day trading on Thursday, reaching $27.48. The stock had a trading volume of 2,517 shares, compared to its average volume of 106,351. The business’s 50 day moving average price is $27.18 and its 200 day moving average price is $27.13. Franklin Systematic Style Premia ETF has a 1 year low of $23.90 and a 1 year high of $27.89. The company has a market cap of $750.20 million, a P/E ratio of 18.32 and a beta of 0.04.

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.