Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Short Interest Down 48.6% in August

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 259 shares, a drop of 48.6% from the August 15th total of 504 shares. Based on an average daily trading volume, of 2,932 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLQS. Integrated Wealth Concepts LLC acquired a new stake in Franklin U.S. Small Cap Multifactor Index ETF during the second quarter worth approximately $74,000. IFP Advisors Inc lifted its stake in Franklin U.S. Small Cap Multifactor Index ETF by 8.7% in the fourth quarter. IFP Advisors Inc now owns 3,496 shares of the company’s stock valued at $151,000 after buying an additional 279 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Franklin U.S. Small Cap Multifactor Index ETF by 19.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,826 shares of the company’s stock worth $377,000 after buying an additional 1,463 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Franklin U.S. Small Cap Multifactor Index ETF by 3.6% during the 2nd quarter. Capital Analysts LLC now owns 8,955 shares of the company’s stock worth $437,000 after buying an additional 314 shares in the last quarter. Finally, Focus Financial Network Inc. grew its position in shares of Franklin U.S. Small Cap Multifactor Index ETF by 5.5% during the 2nd quarter. Focus Financial Network Inc. now owns 9,423 shares of the company’s stock worth $461,000 after buying an additional 490 shares during the period.

Franklin U.S. Small Cap Multifactor Index ETF Stock Down 1.0%

FLQS stock opened at $48.09 on Wednesday. The firm has a market cap of $55.30 million, a price-to-earnings ratio of 16.41 and a beta of 0.99. The company’s fifty day simple moving average is $49.54 and its 200 day simple moving average is $46.87. Franklin U.S. Small Cap Multifactor Index ETF has a 12-month low of $40.76 and a 12-month high of $50.86.

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

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.