Franklin Intelligent Machines ETF (BATS:IQM) Sees Significant Decrease in Short Interest

Franklin Intelligent Machines ETF (BATS:IQM) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,502 shares, a drop of 98.5% from the June 15th total of 298,310 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 3,737 shares, the days-to-cover ratio is presently 1.2 days.

Franklin Intelligent Machines ETF Stock Up 0.1%

IQM opened at $113.87 on Friday. Franklin Intelligent Machines ETF has a 12 month low of $75.07 and a 12 month high of $126.21. The company has a fifty day simple moving average of $115.55 and a 200 day simple moving average of $101.47. The stock has a market cap of $51.24 million, a P/E ratio of 47.30 and a beta of 1.46.

Institutional Investors Weigh In On Franklin Intelligent Machines ETF

Several large investors have recently modified their holdings of the business. Members Advisory Group LLC raised its position in shares of Franklin Intelligent Machines ETF by 1,552.3% during the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock worth $10,838,000 after purchasing an additional 116,485 shares during the period. Diversify Advisory Services LLC grew its position in shares of Franklin Intelligent Machines ETF by 24.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 6,946 shares of the company’s stock valued at $664,000 after purchasing an additional 1,351 shares during the period. Cetera Investment Advisers increased its stake in Franklin Intelligent Machines ETF by 116.3% during the 1st quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock worth $8,035,000 after purchasing an additional 48,843 shares in the last quarter. Jane Street Group LLC acquired a new stake in Franklin Intelligent Machines ETF during the 4th quarter worth approximately $376,000. Finally, Franklin Resources Inc. bought a new position in Franklin Intelligent Machines ETF in the fourth quarter valued at approximately $194,000.

Franklin Intelligent Machines ETF Company Profile

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.