Short Interest in Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Grows By 815.9%

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 7,584 shares, a growth of 815.9% from the July 15th total of 828 shares. Based on an average daily trading volume, of 1,993 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of Franklin U.S. Small Cap Multifactor Index ETF

A number of institutional investors have recently modified their holdings of the company. Focus Financial Network Inc. grew its stake in shares of Franklin U.S. Small Cap Multifactor Index ETF by 5.5% in the second quarter. Focus Financial Network Inc. now owns 9,423 shares of the company’s stock worth $461,000 after purchasing an additional 490 shares during the last quarter. Cetera Investment Advisers raised its position in Franklin U.S. Small Cap Multifactor Index ETF by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 26,139 shares of the company’s stock valued at $1,116,000 after purchasing an additional 359 shares during the last quarter. Janney Montgomery Scott LLC raised its position in 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 valued at $377,000 after purchasing an additional 1,463 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 9.3% in the 4th quarter. Equitable Holdings Inc. now owns 34,834 shares of the company’s stock worth $1,505,000 after buying an additional 2,972 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 81.5% in the 4th quarter. Osaic Holdings Inc. now owns 68,112 shares of the company’s stock worth $2,942,000 after buying an additional 30,583 shares during the period.

Franklin U.S. Small Cap Multifactor Index ETF Stock Up 0.5%

Shares of FLQS opened at $50.38 on Thursday. The stock has a market capitalization of $57.94 million, a P/E ratio of 16.41 and a beta of 0.99. Franklin U.S. Small Cap Multifactor Index ETF has a twelve month low of $40.76 and a twelve month high of $50.86. The firm has a fifty day simple moving average of $48.66 and a two-hundred day simple moving average of $46.13.

About Franklin U.S. Small Cap Multifactor Index ETF

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.