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

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 680 shares, an increase of 162.5% from the August 31st total of 259 shares. Based on an average trading volume of 1,915 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC increased its stake in Franklin U.S. Small Cap Multifactor Index ETF by 40.2% during the 2nd quarter. Citadel Advisors LLC now owns 44,696 shares of the company’s stock worth $2,181,000 after acquiring an additional 12,807 shares during the period. Cetera Investment Advisers lifted its position in Franklin U.S. Small Cap Multifactor Index ETF by 1.4% during the first quarter. Cetera Investment Advisers now owns 26,139 shares of the company’s stock worth $1,116,000 after purchasing an additional 359 shares during the period. Harbour Investments Inc. lifted its position in Franklin U.S. Small Cap Multifactor Index ETF by 2.3% during the fourth quarter. Harbour Investments Inc. now owns 18,226 shares of the company’s stock worth $787,000 after purchasing an additional 408 shares during the period. Focus Financial Network Inc. grew its stake in Franklin U.S. Small Cap Multifactor Index ETF by 5.5% during the second quarter. Focus Financial Network Inc. now owns 9,423 shares of the company’s stock worth $461,000 after buying an additional 490 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 3.6% in the 2nd quarter. Capital Analysts LLC now owns 8,955 shares of the company’s stock valued at $437,000 after buying an additional 314 shares in the last quarter.

Franklin U.S. Small Cap Multifactor Index ETF Stock Down 0.4%

BATS FLQS opened at $46.96 on Tuesday. The company has a market capitalization of $54.00 million, a P/E ratio of 16.41 and a beta of 0.99. Franklin U.S. Small Cap Multifactor Index ETF has a 12-month low of $40.76 and a 12-month high of $50.86. The firm has a 50-day moving average price of $49.23 and a two-hundred day moving average price of $47.04.

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

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.