Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Short Interest Up 186.9% in June

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 42,384 shares, a growth of 186.9% from the May 31st total of 14,771 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 110,350 shares, the days-to-cover ratio is presently 0.4 days.

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

Shares of BATS:FLQM opened at $58.08 on Monday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The company has a 50 day moving average of $56.87 and a 200-day moving average of $56.88. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.64 and a one year high of $58.70.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLQM. Cetera Investment Advisers boosted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 23.3% in the 4th quarter. Cetera Investment Advisers now owns 1,311,994 shares of the company’s stock worth $73,813,000 after purchasing an additional 247,905 shares during the last quarter. TrustBank bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at about $10,271,000. Bank of America Corp DE increased its holdings in Franklin U.S. Mid Cap Multifactor Index ETF by 35.6% in the second quarter. Bank of America Corp DE now owns 677,284 shares of the company’s stock valued at $36,783,000 after purchasing an additional 177,777 shares during the last quarter. Piedmont Capital Management LLC NC bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at about $9,934,000. Finally, Orion Porfolio Solutions LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1,269.9% in the fourth quarter. Orion Porfolio Solutions LLC now owns 186,362 shares of the company’s stock valued at $10,485,000 after buying an additional 172,758 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.