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

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQMGet Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 9,786 shares, a decrease of 39.7% from the August 15th total of 16,220 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 59,610 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the 1st quarter worth about $50,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at about $52,000. Allworth Financial LP boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 541.1% during the second quarter. Allworth Financial LP now owns 1,122 shares of the company’s stock worth $65,000 after buying an additional 947 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the second quarter worth about $91,000. Finally, Access Investment Management LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth about $118,000.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Performance

Shares of FLQM opened at $59.72 on Wednesday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.87 and a twelve month high of $62.13. The firm’s 50 day moving average price is $60.39 and its two-hundred day moving average price is $57.96. The firm has a market cap of $1.83 billion, a P/E ratio of 16.69 and a beta of 0.98.

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

(Get Free Report)

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.

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