Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,762 shares, an increase of 220.4% from the July 15th total of 3,671 shares. Based on an average daily trading volume, of 75,756 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.
Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.6%
Shares of BATS FLQM opened at $61.63 on Friday. The company has a market capitalization of $1.89 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.87 and a twelve month high of $61.71. The firm has a fifty day simple moving average of $59.01 and a 200 day simple moving average of $57.47.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FLQM. Fifth Third Bancorp acquired a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at about $50,000. Comerica Bank bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth approximately $51,000. Richards Merrill & Peterson Inc. bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth approximately $52,000. NewEdge Advisors LLC lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after buying an additional 326 shares during the period. Finally, Access Investment Management LLC acquired a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter valued at approximately $118,000.
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.
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