Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Sees Significant Drop in Short Interest

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 99,264 shares, a decrease of 86.3% from the June 30th total of 726,100 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 86,034 shares, the short-interest ratio is currently 1.2 days.

Franklin Systematic Style Premia ETF Price Performance

NYSEARCA FLSP traded down $0.04 during midday trading on Monday, hitting $27.89. 14,450 shares of the company traded hands, compared to its average volume of 110,063. Franklin Systematic Style Premia ETF has a 52 week low of $24.30 and a 52 week high of $29.01. The company’s 50-day simple moving average is $27.49 and its 200-day simple moving average is $27.27. The company has a market cap of $1.02 billion, a PE ratio of 18.32 and a beta of 0.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its position in Franklin Systematic Style Premia ETF by 24.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 143,526 shares of the company’s stock valued at $3,974,000 after acquiring an additional 27,958 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Franklin Systematic Style Premia ETF by 48.7% in the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after purchasing an additional 565 shares during the last quarter. Bank of America Corp DE increased its position in shares of Franklin Systematic Style Premia ETF by 5.7% during the first quarter. Bank of America Corp DE now owns 1,857,918 shares of the company’s stock worth $50,535,000 after purchasing an additional 99,527 shares in the last quarter. Royal Bank of Canada increased its position in shares of Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of Franklin Systematic Style Premia ETF during the 1st quarter valued at $210,000.

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.