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

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 923,025 shares, an increase of 4,215.2% from the March 15th total of 21,390 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 145,985 shares, the days-to-cover ratio is currently 6.3 days.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Several large investors have recently made changes to their positions in the business. Prosperity Bancshares Inc purchased a new position in shares of Franklin Systematic Style Premia ETF during the fourth quarter valued at approximately $1,109,000. Osaic Holdings Inc. lifted its holdings in shares of Franklin Systematic Style Premia ETF by 11.5% during the fourth quarter. Osaic Holdings Inc. now owns 26,996 shares of the company’s stock valued at $726,000 after purchasing an additional 2,774 shares during the last quarter. Capital Financial Group Inc. Co. ADV purchased a new position in shares of Franklin Systematic Style Premia ETF during the fourth quarter valued at approximately $1,748,000. Kestra Advisory Services LLC purchased a new position in shares of Franklin Systematic Style Premia ETF during the fourth quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Franklin Systematic Style Premia ETF by 58.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 62,305 shares of the company’s stock valued at $1,677,000 after purchasing an additional 23,051 shares during the last quarter.

Franklin Systematic Style Premia ETF Stock Performance

FLSP stock opened at $27.45 on Friday. The firm has a 50 day moving average price of $27.23 and a 200-day moving average price of $26.95. Franklin Systematic Style Premia ETF has a 52-week low of $23.15 and a 52-week high of $27.89. The firm has a market capitalization of $741.15 million, a price-to-earnings ratio of 18.32 and a beta of 0.05.

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.