Short Interest in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Increases By 29.8%

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 36,993 shares, an increase of 29.8% from the December 31st total of 28,505 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 41,902 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 41,902 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Franklin U.S. Equity Index ETF Stock Down 1.4%

Franklin U.S. Equity Index ETF stock traded down $0.83 during mid-day trading on Tuesday, hitting $60.03. 29,085 shares of the company’s stock traded hands, compared to its average volume of 47,213. Franklin U.S. Equity Index ETF has a one year low of $42.40 and a one year high of $61.19. The firm has a 50 day moving average price of $60.22 and a 200 day moving average price of $58.57. The company has a market cap of $1.69 billion, a PE ratio of 25.39 and a beta of 0.92.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Franklin U.S. Equity Index ETF by 30.9% during the third quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock worth $653,164,000 after purchasing an additional 2,634,653 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Franklin U.S. Equity Index ETF by 4.0% during the fourth quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock valued at $118,780,000 after buying an additional 75,801 shares in the last quarter. JPMorgan Chase & Co. raised its position in Franklin U.S. Equity Index ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 431,681 shares of the company’s stock worth $25,288,000 after acquiring an additional 13,249 shares in the last quarter. Sequent Planning LLC bought a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at about $16,390,000. Finally, Jane Street Group LLC grew its stake in shares of Franklin U.S. Equity Index ETF by 160.2% in the 1st quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock worth $2,085,000 after purchasing an additional 26,203 shares during the last quarter.

Franklin U.S. Equity Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).