Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Up 50.9% in July

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 100,838 shares, an increase of 50.9% from the July 15th total of 66,823 shares. Based on an average daily trading volume, of 46,096 shares, the short-interest ratio is currently 2.2 days. Approximately 0.3% of the company’s stock are sold short.

Franklin U.S. Equity Index ETF Price Performance

Franklin U.S. Equity Index ETF stock traded down $0.70 during mid-day trading on Tuesday, reaching $67.24. The stock had a trading volume of 341 shares, compared to its average volume of 86,235. The company has a 50-day moving average price of $65.55 and a two-hundred day moving average price of $62.61. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.39 and a beta of 0.93. Franklin U.S. Equity Index ETF has a one year low of $54.99 and a one year high of $68.16.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Franklin U.S. Equity Index ETF by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after purchasing an additional 401,364 shares in the last quarter. Sequent Planning LLC boosted its holdings in shares of Franklin U.S. Equity Index ETF by 15.5% during the 4th quarter. Sequent Planning LLC now owns 323,278 shares of the company’s stock valued at $19,326,000 after purchasing an additional 43,489 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Franklin U.S. Equity Index ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after buying an additional 94,458 shares in the last quarter. Sanctuary Advisors LLC increased its position in Franklin U.S. Equity Index ETF by 7.7% in the first quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock worth $121,726,000 after purchasing an additional 153,460 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Franklin U.S. Equity Index ETF by 68.4% in the 4th quarter. Atria Investments Inc now owns 71,483 shares of the company’s stock worth $4,273,000 after buying an additional 29,037 shares during the last quarter.

About Franklin U.S. Equity Index ETF

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).