Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sees Significant Decline in Short Interest

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 3,671 shares, a drop of 88.5% from the June 30th total of 31,842 shares. Based on an average trading volume of 101,911 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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

FLQM opened at $59.25 on Friday. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The firm’s fifty day moving average price is $57.81 and its two-hundred day moving average price is $57.15. Franklin U.S. Mid Cap Multifactor Index ETF has a 1 year low of $53.72 and a 1 year high of $60.34.

Institutional Inflows and Outflows

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

About Franklin U.S. Mid Cap Multifactor Index ETF

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.