Franklin Intelligent Machines ETF (BATS:IQM) Short Interest Update

Franklin Intelligent Machines ETF (BATS:IQM) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,221 shares, a drop of 39.2% from the July 30th total of 5,296 shares. Based on an average daily volume of 20,185 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Trading of Franklin Intelligent Machines ETF

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of Franklin Intelligent Machines ETF during the fourth quarter valued at approximately $194,000. Harbour Investments Inc. raised its stake in shares of Franklin Intelligent Machines ETF by 8.6% in the 4th quarter. Harbour Investments Inc. now owns 3,498 shares of the company’s stock worth $306,000 after buying an additional 277 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of Franklin Intelligent Machines ETF in the 2nd quarter worth $338,000. Envestnet Asset Management Inc. acquired a new stake in shares of Franklin Intelligent Machines ETF in the third quarter valued at $361,000. Finally, Jane Street Group LLC acquired a new stake in shares of Franklin Intelligent Machines ETF in the fourth quarter valued at $376,000.

Franklin Intelligent Machines ETF Stock Performance

Franklin Intelligent Machines ETF stock opened at $103.71 on Tuesday. The firm’s 50-day moving average is $108.86 and its 200-day moving average is $105.10. Franklin Intelligent Machines ETF has a 1 year low of $77.54 and a 1 year high of $126.21. The company has a market cap of $46.67 million, a P/E ratio of 47.30 and a beta of 1.46.

Franklin Intelligent Machines ETF Company Profile

The Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines. IQM was launched on Feb 25, 2020 and is managed by Franklin Templeton.