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

Franklin Intelligent Machines ETF (BATS:IQM) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,709 shares, a decline of 80.2% from the April 15th total of 13,699 shares. Based on an average daily trading volume, of 7,073 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Members Advisory Group LLC grew its position in Franklin Intelligent Machines ETF by 1,552.3% during the fourth quarter. Members Advisory Group LLC now owns 123,989 shares of the company’s stock valued at $10,838,000 after purchasing an additional 116,485 shares in the last quarter. Cetera Investment Advisers grew its position in Franklin Intelligent Machines ETF by 66.2% during the fourth quarter. Cetera Investment Advisers now owns 41,996 shares of the company’s stock valued at $3,671,000 after purchasing an additional 16,729 shares in the last quarter. Citadel Advisors LLC grew its position in Franklin Intelligent Machines ETF by 84.1% during the third quarter. Citadel Advisors LLC now owns 24,609 shares of the company’s stock valued at $2,148,000 after purchasing an additional 11,239 shares in the last quarter. Osaic Holdings Inc. grew its position in Franklin Intelligent Machines ETF by 13.2% during the fourth quarter. Osaic Holdings Inc. now owns 23,048 shares of the company’s stock valued at $2,015,000 after purchasing an additional 2,685 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in Franklin Intelligent Machines ETF by 69.9% during the fourth quarter. Diversify Advisory Services LLC now owns 11,802 shares of the company’s stock valued at $1,141,000 after purchasing an additional 4,856 shares in the last quarter.

Franklin Intelligent Machines ETF Trading Up 2.0%

Shares of IQM stock opened at $114.28 on Tuesday. Franklin Intelligent Machines ETF has a 1-year low of $65.53 and a 1-year high of $115.19. The company has a market capitalization of $51.43 million, a price-to-earnings ratio of 47.30 and a beta of 1.46. The stock’s fifty day simple moving average is $97.26 and its 200-day simple moving average is $93.10.

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.