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

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 726,100 shares, an increase of 1,866.7% from the June 15th total of 36,920 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 211,519 shares, the short-interest ratio is presently 3.4 days.

Franklin Systematic Style Premia ETF Stock Performance

Shares of NYSEARCA FLSP traded up $0.28 during mid-day trading on Friday, hitting $27.63. The stock had a trading volume of 84,883 shares, compared to its average volume of 113,055. The company has a 50 day moving average of $27.36 and a two-hundred day moving average of $27.20. Franklin Systematic Style Premia ETF has a twelve month low of $23.90 and a twelve month high of $29.01. The firm has a market cap of $1.01 billion, a PE ratio of 18.32 and a beta of 0.04.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FLSP. Tredje AP fonden lifted its holdings in shares of Franklin Systematic Style Premia ETF by 101.2% during the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock worth $216,626,000 after purchasing an additional 4,050,000 shares during the period. Franklin Resources Inc. raised its position in Franklin Systematic Style Premia ETF by 19.1% during the 4th quarter. Franklin Resources Inc. now owns 6,969,526 shares of the company’s stock worth $187,550,000 after buying an additional 1,119,845 shares during the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at $18,183,000. Assetmark Inc. increased its stake in shares of Franklin Systematic Style Premia ETF by 34,460.7% in the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock worth $13,405,000 after acquiring an additional 491,409 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Franklin Systematic Style Premia ETF in the third quarter worth $5,791,000.

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.