Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Update

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 63,299 shares, a decline of 37.2% from the July 30th total of 100,838 shares. Based on an average daily trading volume, of 90,995 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Franklin U.S. Equity Index ETF Trading Down 0.9%

Shares of NYSEARCA:USPX traded down $0.59 during trading on Tuesday, reaching $66.52. The company’s stock had a trading volume of 37,980 shares, compared to its average volume of 84,266. Franklin U.S. Equity Index ETF has a 12 month low of $54.99 and a 12 month high of $68.16. The firm’s 50 day simple moving average is $65.96 and its two-hundred day simple moving average is $63.08. The stock has a market capitalization of $2.04 billion, a PE ratio of 25.39 and a beta of 0.93.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in Franklin U.S. Equity Index ETF by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after buying an additional 401,364 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 7.7% in the first quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after acquiring an additional 153,460 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Franklin U.S. Equity Index ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after acquiring an additional 94,458 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Franklin U.S. Equity Index ETF by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 459,094 shares of the company’s stock worth $27,445,000 after acquiring an additional 27,413 shares during the last quarter. Finally, Sequent Planning LLC lifted its holdings in shares of Franklin U.S. Equity Index ETF by 15.6% in the 1st quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock worth $21,261,000 after acquiring an additional 50,573 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).