Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Shorted: Short Interest Down 98.1% in October

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 99 shares, a decrease of 98.1% from the October 15th total of 5,194 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 81,004 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position 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 worth $79,902,000 after purchasing an additional 142,619 shares during the period. Harbor Group Inc. lifted its holdings 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. HighTower Advisors LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 3rd quarter valued at $37,592,000. Royal Bank of Canada lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after buying an additional 1,072 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock worth $16,690,000 after buying an additional 16,368 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Stock Up 0.3%

Shares of BATS FLQM traded up $0.17 during trading on Tuesday, reaching $62.86. 62,632 shares of the company traded hands, compared to its average volume of 121,852. The firm has a 50 day simple moving average of $59.95 and a 200-day simple moving average of $58.32. The stock has a market capitalization of $1.48 billion, a PE ratio of 16.64 and a beta of 0.89. Franklin U.S. Mid Cap Multifactor Index ETF has a 52-week low of $53.87 and a 52-week high of $63.91.

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.