Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Decreases By 23.2%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 18,116 shares, a decline of 23.2% from the December 15th total of 23,578 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 33,354 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 33,354 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Franklin Systematic Style Premia ETF Stock Performance

Franklin Systematic Style Premia ETF stock traded down $0.12 during mid-day trading on Monday, reaching $27.00. 309,851 shares of the company were exchanged, compared to its average volume of 98,386. The firm’s 50-day simple moving average is $27.02 and its two-hundred day simple moving average is $26.06. Franklin Systematic Style Premia ETF has a twelve month low of $23.00 and a twelve month high of $27.43. The firm has a market cap of $557.55 million, a PE ratio of 18.32 and a beta of 0.01.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Franklin Systematic Style Premia ETF in the third quarter valued at about $27,000. Private Trust Co. NA purchased a new position in Franklin Systematic Style Premia ETF in the 2nd quarter worth approximately $63,000. Raymond James Financial Inc. purchased a new position in Franklin Systematic Style Premia ETF in the 2nd quarter worth approximately $117,000. Ameritas Advisory Services LLC acquired a new stake in Franklin Systematic Style Premia ETF in the second quarter valued at approximately $143,000. Finally, World Investment Advisors raised its stake in shares of Franklin Systematic Style Premia ETF by 30.2% during the second quarter. World Investment Advisors now owns 11,380 shares of the company’s stock valued at $274,000 after purchasing an additional 2,642 shares during the period.

About Franklin Systematic Style Premia ETF

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.