Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Sees Large Drop in Short Interest

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 35 shares, a drop of 96.6% from the April 30th total of 1,024 shares. Based on an average trading volume of 5,744 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its stake in Franklin U.S. Small Cap Multifactor Index ETF by 81.5% during the fourth quarter. Osaic Holdings Inc. now owns 68,112 shares of the company’s stock valued at $2,942,000 after buying an additional 30,583 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Franklin U.S. Small Cap Multifactor Index ETF during the second quarter valued at $256,000. CWM LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 506.5% in the 4th quarter. CWM LLC now owns 6,963 shares of the company’s stock worth $301,000 after purchasing an additional 5,815 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 2.4% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 208,789 shares of the company’s stock worth $9,019,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Franklin U.S. Small Cap Multifactor Index ETF by 41.0% in the 3rd quarter. Bank of America Corp DE now owns 14,404 shares of the company’s stock worth $633,000 after purchasing an additional 4,185 shares in the last quarter.

Franklin U.S. Small Cap Multifactor Index ETF Trading Down 0.2%

FLQS traded down $0.08 during midday trading on Wednesday, reaching $46.06. The company’s stock had a trading volume of 2,232 shares, compared to its average volume of 9,147. Franklin U.S. Small Cap Multifactor Index ETF has a 1 year low of $40.02 and a 1 year high of $46.51. The stock’s 50-day moving average is $44.54 and its 200-day moving average is $44.23. The firm has a market capitalization of $52.97 million, a price-to-earnings ratio of 16.41 and a beta of 0.99.

About Franklin U.S. Small Cap Multifactor Index ETF

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.