Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Stock Short Interest Drops 68.3%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,194 shares, a decline of 68.3% from the September 30th total of 16,410 shares. Based on an average daily volume of 99,301 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 1,127.9% in the third quarter. International Assets Investment Management LLC now owns 60,450 shares of the company’s stock worth $3,472,000 after purchasing an additional 55,527 shares during the period. Partners Wealth Management LLC acquired a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $237,000. D.A. Davidson & CO. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $798,000. Oppenheimer & Co. Inc. acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $1,241,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter valued at $339,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Down 0.7%

Shares of Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $60.83 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $53.87 and a 12-month high of $62.20. The stock has a 50 day moving average price of $59.87 and a two-hundred day moving average price of $58.15. The stock has a market capitalization of $1.86 billion, a P/E ratio of 16.69 and a beta of 0.98.

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.