Franklin Focused Growth ETF (BATS:FFOG) Sees Significant Drop in Short Interest

Franklin Focused Growth ETF (BATS:FFOG) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 2,340 shares, a drop of 88.3% from the June 15th total of 19,991 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 48,196 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Franklin Focused Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp raised its position in Franklin Focused Growth ETF by 4.8% in the fourth quarter. Sigma Planning Corp now owns 5,314 shares of the company’s stock worth $249,000 after acquiring an additional 242 shares during the period. Private Trust Co. NA increased its stake in shares of Franklin Focused Growth ETF by 57.1% in the 4th quarter. Private Trust Co. NA now owns 1,100 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares in the last quarter. Encompass More Asset Management raised its holdings in Franklin Focused Growth ETF by 0.8% in the 4th quarter. Encompass More Asset Management now owns 82,956 shares of the company’s stock worth $3,882,000 after purchasing an additional 650 shares during the period. Advisory Services Network LLC bought a new position in Franklin Focused Growth ETF in the 3rd quarter worth $38,000. Finally, D.A. Davidson & CO. lifted its position in Franklin Focused Growth ETF by 5.0% during the first quarter. D.A. Davidson & CO. now owns 17,182 shares of the company’s stock valued at $706,000 after purchasing an additional 817 shares in the last quarter.

Franklin Focused Growth ETF Trading Up 0.4%

BATS:FFOG traded up $0.20 during trading hours on Friday, reaching $50.75. 17,895 shares of the company traded hands, compared to its average volume of 45,285. The business’s 50-day moving average price is $50.19 and its two-hundred day moving average price is $46.69. Franklin Focused Growth ETF has a 1 year low of $38.89 and a 1 year high of $52.50. The stock has a market capitalization of $172.55 million, a P/E ratio of 47.17 and a beta of 1.43.

About Franklin Focused Growth ETF

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.