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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 9,786 shares, a drop of 39.7% from the August 15th total of 16,220 shares. Based on an average daily volume of 59,610 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Axxcess Wealth Management LLC grew its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 14,585 shares of the company’s stock valued at $821,000 after acquiring an additional 275 shares during the last quarter. Pacific Sun Financial Corp boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 4.5% in the 1st quarter. Pacific Sun Financial Corp now owns 7,447 shares of the company’s stock valued at $409,000 after purchasing an additional 320 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.3% in the 1st quarter. International Assets Investment Management LLC now owns 6,176 shares of the company’s stock valued at $340,000 after purchasing an additional 421 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 5.2% during the 4th quarter. Harbour Investments Inc. now owns 16,085 shares of the company’s stock valued at $905,000 after purchasing an additional 801 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 10.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,103 shares of the company’s stock worth $512,000 after purchasing an additional 838 shares in the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.6%

Shares of BATS FLQM opened at $59.72 on Wednesday. The business’s 50 day moving average price is $60.39 and its two-hundred day moving average price is $57.96. The company has a market cap of $1.83 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.87 and a twelve month high of $62.13.

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.