Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Stock Short Interest Report for September

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 93,230 shares, an increase of 60.1% from the September 15th total of 58,218 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 150,508 shares, the days-to-cover ratio is presently 0.6 days.

Franklin U.S. Equity Index ETF Stock Performance

Shares of NYSEARCA:USPX traded down $0.10 during trading on Friday, reaching $67.40. The stock had a trading volume of 60,365 shares, compared to its average volume of 83,387. Franklin U.S. Equity Index ETF has a 1-year low of $54.99 and a 1-year high of $68.47. The stock has a market cap of $2.06 billion, a PE ratio of 25.39 and a beta of 0.92. The business has a fifty day moving average price of $67.24 and a 200-day moving average price of $65.01.

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

A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC raised its stake in Franklin U.S. Equity Index ETF by 7.7% during 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 period. Bank of New York Mellon Corp grew its position in Franklin U.S. Equity Index ETF by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after acquiring an additional 94,458 shares during the period. RFG Advisory LLC purchased a new position in Franklin U.S. Equity Index ETF in the second quarter worth approximately $4,247,000. Sequent Planning LLC grew its position in Franklin U.S. Equity Index ETF by 15.6% in the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock worth $21,261,000 after acquiring an additional 50,573 shares during the period. Finally, Second Line Capital LLC acquired a new stake in Franklin U.S. Equity Index ETF during the second quarter worth $325,000.

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).