Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Drops By 41.6%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 6,501 shares, a drop of 41.6% from the February 12th total of 11,131 shares. Based on an average trading volume of 178,816 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 178,816 shares, the days-to-cover ratio is presently 0.0 days.

Franklin Systematic Style Premia ETF Price Performance

NYSEARCA:FLSP traded up $0.18 during mid-day trading on Friday, hitting $27.26. 356,245 shares of the company’s stock were exchanged, compared to its average volume of 130,146. The company has a market cap of $584.73 million, a PE ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a one year low of $23.00 and a one year high of $27.89. The business has a fifty day moving average price of $27.14 and a 200 day moving average price of $26.75.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Several large investors have recently modified their holdings of the stock. Prosperity Bancshares Inc purchased a new stake in Franklin Systematic Style Premia ETF during the 4th quarter valued at about $1,109,000. Osaic Holdings Inc. raised its holdings in Franklin Systematic Style Premia ETF by 11.5% in the fourth quarter. Osaic Holdings Inc. now owns 26,996 shares of the company’s stock worth $726,000 after buying an additional 2,774 shares during the last quarter. Capital Financial Group Inc. Co. ADV bought a new position in shares of Franklin Systematic Style Premia ETF in the fourth quarter worth approximately $1,748,000. Kestra Advisory Services LLC bought a new position in shares of Franklin Systematic Style Premia ETF in the fourth quarter worth approximately $68,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Franklin Systematic Style Premia ETF by 58.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 62,305 shares of the company’s stock valued at $1,677,000 after buying an additional 23,051 shares during the last quarter.

Franklin Systematic Style Premia ETF Company Profile

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.