Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sees Large Decline in Short Interest

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,194 shares, a drop of 68.3% from the September 30th total of 16,410 shares. Based on an average daily volume of 99,301 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

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

BATS FLQM opened at $61.61 on Friday. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.87 and a twelve month high of $62.20. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98. The firm’s 50 day moving average price is $59.87 and its two-hundred day moving average price is $58.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock valued at $79,902,000 after buying an additional 142,619 shares during the period. Harbor Group Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% during the 3rd quarter. Harbor Group Inc. now owns 961,646 shares of the company’s stock valued at $55,237,000 after buying an additional 16,330 shares during the period. Royal Bank of Canada raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the first quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock worth $17,729,000 after acquiring an additional 1,072 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock valued at $16,690,000 after purchasing an additional 16,368 shares during the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.4% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 247,178 shares of the company’s stock valued at $14,198,000 after purchasing an additional 993 shares in the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

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.