Short Interest in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Rises By 7,398.0%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 14,771 shares, a growth of 7,398.0% from the May 14th total of 197 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 97,750 shares, the short-interest ratio is presently 0.2 days.

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

Shares of BATS FLQM opened at $57.25 on Thursday. Franklin U.S. Mid Cap Multifactor Index ETF has a 52 week low of $53.23 and a 52 week high of $58.66. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock’s fifty day moving average is $56.45 and its 200 day moving average is $56.78.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Leo Wealth LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter worth $1,025,000. IAG Wealth Partners LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 20.7% in the third quarter. IAG Wealth Partners LLC now owns 56,230 shares of the company’s stock worth $3,174,000 after purchasing an additional 9,658 shares during the period. Eagle Wealth Strategies LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 102.9% in the third quarter. Eagle Wealth Strategies LLC now owns 390,301 shares of the company’s stock worth $22,032,000 after purchasing an additional 197,968 shares during the period. Integrity Financial Corp WA increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 87.6% in the third quarter. Integrity Financial Corp WA now owns 142,949 shares of the company’s stock worth $8,069,000 after purchasing an additional 66,737 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.0% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 194,888 shares of the company’s stock worth $10,964,000 after purchasing an additional 12,690 shares during the period.

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

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.