Franklin Focused Growth ETF (BATS:FFOG) Stock Short Interest Falls 46.0%

Franklin Focused Growth ETF (BATS:FFOG) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 8,631 shares, a decrease of 46.0% from the August 31st total of 15,987 shares. Based on an average daily volume of 17,949 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Franklin Focused Growth ETF Stock Up 0.6%

Shares of BATS:FFOG opened at $51.91 on Wednesday. The stock has a market capitalization of $176.49 million, a PE ratio of 47.17 and a beta of 1.43. The firm’s 50 day moving average price is $49.61 and its 200-day moving average price is $48.39. Franklin Focused Growth ETF has a twelve month low of $38.89 and a twelve month high of $52.50.

Hedge Funds Weigh In On Franklin Focused Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Franklin Focused Growth ETF by 14.6% during the 1st quarter. Cetera Investment Advisers now owns 315,497 shares of the company’s stock valued at $12,961,000 after buying an additional 40,185 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Franklin Focused Growth ETF by 119.7% during the second quarter. Citadel Advisors LLC now owns 26,923 shares of the company’s stock valued at $1,387,000 after purchasing an additional 14,668 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Franklin Focused Growth ETF by 5.0% in the first quarter. D.A. Davidson & CO. now owns 17,182 shares of the company’s stock worth $706,000 after purchasing an additional 817 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Franklin Focused Growth ETF in the first quarter worth $628,000. Finally, Kestra Advisory Services LLC raised its position in shares of Franklin Focused Growth ETF by 22.6% during the 1st quarter. Kestra Advisory Services LLC now owns 11,938 shares of the company’s stock valued at $490,000 after purchasing an additional 2,204 shares during the period.

Franklin Focused Growth ETF Company Profile

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.