Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Up 38.4% in January

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 25,078 shares, an increase of 38.4% from the December 31st total of 18,116 shares. Based on an average trading volume of 77,310 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 77,310 shares, the days-to-cover ratio is presently 0.3 days.

Franklin Systematic Style Premia ETF Trading Down 1.2%

Shares of NYSEARCA FLSP traded down $0.33 on Friday, reaching $27.01. 248,603 shares of the company traded hands, compared to its average volume of 93,095. The stock has a market capitalization of $575.31 million, a PE ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a fifty-two week low of $23.00 and a fifty-two week high of $27.43. The company has a 50 day moving average of $27.01 and a 200 day moving average of $26.24.

Institutional Trading of Franklin Systematic Style Premia ETF

A number of institutional investors have recently modified their holdings of FLSP. Integrated Wealth Concepts LLC grew its stake in Franklin Systematic Style Premia ETF by 2.6% during the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock worth $423,000 after buying an additional 434 shares during the period. Jane Street Group LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF in the first quarter valued at about $1,423,000. Ameritas Advisory Services LLC purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 2nd quarter valued at about $143,000. Empirical Asset Management LLC lifted its position in Franklin Systematic Style Premia ETF by 6.4% during the 2nd quarter. Empirical Asset Management LLC now owns 44,670 shares of the company’s stock worth $1,077,000 after acquiring an additional 2,675 shares in the last quarter. Finally, Private Trust Co. NA purchased a new position in Franklin Systematic Style Premia ETF in the 2nd quarter worth approximately $63,000.

About Franklin Systematic Style Premia ETF

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.