Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Short Interest Update

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 29,669 shares, a drop of 40.6% from the April 15th total of 49,988 shares. Based on an average daily trading volume, of 96,181 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Franklin U.S. Large Cap Multifactor Index ETF Price Performance

BATS FLQL traded down $0.07 during trading on Monday, reaching $76.37. The company’s stock had a trading volume of 5,690 shares, compared to its average volume of 117,455. The stock has a market capitalization of $1.85 billion, a PE ratio of 24.11 and a beta of 0.95. The firm has a fifty day moving average of $71.46 and a 200 day moving average of $70.56. Franklin U.S. Large Cap Multifactor Index ETF has a one year low of $58.55 and a one year high of $77.65.

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

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in Franklin U.S. Large Cap Multifactor Index ETF by 3.9% in the first quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock valued at $37,981,000 after acquiring an additional 21,290 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after purchasing an additional 63,545 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% in the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after purchasing an additional 111,752 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Franklin U.S. Large Cap Multifactor Index ETF in the 1st quarter worth about $189,000. Finally, Private Advisor Group LLC increased its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 8.8% during the 1st quarter. Private Advisor Group LLC now owns 3,927 shares of the company’s stock valued at $266,000 after purchasing an additional 319 shares during the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.