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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 14,771 shares, a growth of 7,398.0% from the May 14th total of 197 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 97,750 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds have recently bought and sold shares of FLQM. Cetera Investment Advisers raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% during the 4th quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock worth $73,813,000 after buying an additional 247,905 shares during the period. Eagle Wealth Strategies LLC raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% in the 3rd quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock valued at $22,032,000 after purchasing an additional 197,968 shares during the period. TrustBank acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at about $10,271,000. Bank of America Corp DE raised its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the 2nd quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares during the period. Finally, Piedmont Capital Management LLC NC acquired a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 4th quarter valued at about $9,934,000.

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

Shares of FLQM stock opened at $57.65 on Wednesday. The company has a market capitalization of $1.77 billion, a P/E ratio of 16.69 and a beta of 0.98. The company’s 50 day moving average price is $56.39 and its two-hundred day moving average price is $56.75. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.23 and a 52 week high of $58.66.

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.