Short Interest in Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Rises By 815.9%

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,584 shares, an increase of 815.9% from the July 15th total of 828 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 1,993 shares, the days-to-cover ratio is currently 3.8 days.

Franklin U.S. Small Cap Multifactor Index ETF Trading Down 0.1%

Shares of BATS FLQS traded down $0.05 during midday trading on Tuesday, hitting $50.15. 2,223 shares of the company’s stock were exchanged, compared to its average volume of 6,909. The business’s fifty day moving average price is $48.57 and its two-hundred day moving average price is $46.10. The company has a market cap of $57.67 million, a price-to-earnings 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.

Hedge Funds Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 6.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,509 shares of the company’s stock valued at $713,000 after buying an additional 1,045 shares in the last quarter. Bank of America Corp DE increased its stake in Franklin U.S. Small Cap Multifactor Index ETF by 41.0% in the third quarter. Bank of America Corp DE now owns 14,404 shares of the company’s stock valued at $633,000 after acquiring an additional 4,185 shares during the last quarter. Capital Analysts LLC raised its position in Franklin U.S. Small Cap Multifactor Index ETF by 16.7% during the fourth quarter. Capital Analysts LLC now owns 9,979 shares of the company’s stock valued at $431,000 after purchasing an additional 1,430 shares in the last quarter. Jane Street Group LLC raised its position in Franklin U.S. Small Cap Multifactor Index ETF by 16.6% during the fourth quarter. Jane Street Group LLC now owns 7,822 shares of the company’s stock valued at $338,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Franklin U.S. Small Cap Multifactor Index ETF by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,363 shares of the company’s stock worth $318,000 after purchasing an additional 390 shares during the last quarter.

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.