Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Update

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 99,264 shares, a decline of 86.3% from the June 30th total of 726,100 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 86,034 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

A number of large investors have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC increased its holdings in Franklin Systematic Style Premia ETF by 24.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 143,526 shares of the company’s stock valued at $3,974,000 after purchasing an additional 27,958 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Franklin Systematic Style Premia ETF by 48.7% in the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after purchasing an additional 565 shares in the last quarter. Bank of America Corp DE boosted its stake in Franklin Systematic Style Premia ETF by 5.7% in the first quarter. Bank of America Corp DE now owns 1,857,918 shares of the company’s stock worth $50,535,000 after purchasing an additional 99,527 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Franklin Systematic Style Premia ETF during the first quarter worth $210,000.

Franklin Systematic Style Premia ETF Stock Performance

Franklin Systematic Style Premia ETF stock traded up $0.12 during trading hours on Friday, hitting $27.93. 59,527 shares of the stock were exchanged, compared to its average volume of 110,748. The stock has a market capitalization of $1.02 billion, a P/E ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 12 month low of $24.30 and a 12 month high of $29.01. The business’s 50-day moving average is $27.49 and its two-hundred day moving average is $27.26.

Franklin Systematic Style Premia ETF Company Profile

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.