Franklin Intelligent Machines ETF (BATS:IQM) Stock Short Interest Report for October

Franklin Intelligent Machines ETF (BATS:IQM) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,270 shares, a decline of 60.9% from the September 30th total of 3,245 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,810 shares, the days-to-cover ratio is currently 0.7 days.

Franklin Intelligent Machines ETF Trading Down 1.3%

IQM stock opened at $98.81 on Friday. Franklin Intelligent Machines ETF has a 1-year low of $79.59 and a 1-year high of $126.21. The business’s 50 day moving average is $105.30 and its 200-day moving average is $103.93. The firm has a market cap of $44.46 million, a P/E ratio of 47.30 and a beta of 1.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Members Advisory Group LLC increased its position in shares of Franklin Intelligent Machines ETF by 404.9% during the 2nd quarter. Members Advisory Group LLC now owns 196,751 shares of the company’s stock worth $24,434,000 after purchasing an additional 157,782 shares in the last quarter. Cetera Investment Advisers boosted its position in Franklin Intelligent Machines ETF by 116.3% in the first quarter. Cetera Investment Advisers now owns 90,839 shares of the company’s stock valued at $8,035,000 after buying an additional 48,843 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Franklin Intelligent Machines ETF by 1,048.7% in the second quarter. Envestnet Asset Management Inc. now owns 47,729 shares of the company’s stock valued at $5,927,000 after buying an additional 43,574 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Franklin Intelligent Machines ETF during the first quarter worth about $959,000. Finally, Howard Financial Services LTD. acquired a new stake in shares of Franklin Intelligent Machines ETF during the second quarter worth approximately $532,000.

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.