Franklin Focused Growth ETF (BATS:FFOG – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,340 shares, a decline of 88.3% from the June 15th total of 19,991 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 48,196 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of Franklin Focused Growth ETF during the first quarter valued at about $249,000. Cetera Investment Advisers grew its position in Franklin Focused Growth ETF by 14.6% in the 1st quarter. Cetera Investment Advisers now owns 315,497 shares of the company’s stock valued at $12,961,000 after buying an additional 40,185 shares in the last quarter. Independent Financial Group LLC bought a new position in Franklin Focused Growth ETF in the 1st quarter valued at about $628,000. D.A. Davidson & CO. increased its stake in Franklin Focused Growth ETF by 5.0% during the 1st quarter. D.A. Davidson & CO. now owns 17,182 shares of the company’s stock valued at $706,000 after buying an additional 817 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in Franklin Focused Growth ETF by 22.6% during the 1st quarter. Kestra Advisory Services LLC now owns 11,938 shares of the company’s stock valued at $490,000 after buying an additional 2,204 shares during the period.
Franklin Focused Growth ETF Price Performance
Shares of FFOG stock opened at $50.75 on Friday. Franklin Focused Growth ETF has a 12-month low of $38.89 and a 12-month high of $52.50. The firm has a market capitalization of $172.55 million, a price-to-earnings ratio of 47.17 and a beta of 1.43. The business has a 50 day simple moving average of $50.19 and a 200 day simple moving average of $46.69.
About Franklin Focused Growth ETF
The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.
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