Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Down 23.2% in December

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 18,116 shares, a drop of 23.2% from the December 15th total of 23,578 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 33,354 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 33,354 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Several large investors have recently made changes to their positions in FLSP. Envestnet Asset Management Inc. acquired a new stake in shares of Franklin Systematic Style Premia ETF during the second quarter worth $25,491,000. Cetera Investment Advisers increased its position in Franklin Systematic Style Premia ETF by 9.3% during the second quarter. Cetera Investment Advisers now owns 92,370 shares of the company’s stock worth $2,226,000 after acquiring an additional 7,849 shares during the period. KWB Wealth acquired a new stake in Franklin Systematic Style Premia ETF in the 2nd quarter worth about $2,596,000. World Investment Advisors boosted its holdings in Franklin Systematic Style Premia ETF by 30.2% in the 2nd quarter. World Investment Advisors now owns 11,380 shares of the company’s stock valued at $274,000 after purchasing an additional 2,642 shares during the period. Finally, Empirical Asset Management LLC grew its position in shares of Franklin Systematic Style Premia ETF by 6.4% during the 2nd quarter. Empirical Asset Management LLC now owns 44,670 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,675 shares in the last quarter.

Franklin Systematic Style Premia ETF Price Performance

NYSEARCA:FLSP traded down $0.12 on Friday, hitting $27.00. 309,851 shares of the company’s stock were exchanged, compared to its average volume of 98,386. The company has a market cap of $557.55 million, a P/E ratio of 18.32 and a beta of 0.01. The firm has a 50-day moving average price of $27.02 and a 200-day moving average price of $26.05. Franklin Systematic Style Premia ETF has a 52 week low of $23.00 and a 52 week high of $27.43.

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.