Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Stock Short Interest Drops 68.3%

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,194 shares, a drop of 68.3% from the September 30th total of 16,410 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 99,301 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin U.S. Mid Cap Multifactor Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its position in Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after buying an additional 142,619 shares during the last quarter. Harbor Group Inc. raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the third quarter. Harbor Group Inc. now owns 961,646 shares of the company’s stock valued at $55,237,000 after buying an additional 16,330 shares during the period. Royal Bank of Canada raised its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 0.3% in the first quarter. Royal Bank of Canada now owns 322,764 shares of the company’s stock valued at $17,729,000 after buying an additional 1,072 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 288,323 shares of the company’s stock valued at $16,690,000 after buying an additional 16,368 shares during the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc lifted its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 0.4% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 247,178 shares of the company’s stock valued at $14,198,000 after buying an additional 993 shares during the last quarter.

Franklin U.S. Mid Cap Multifactor Index ETF Price Performance

Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $61.27 on Wednesday. The company’s 50-day moving average is $59.87 and its 200-day moving average is $58.13. The firm has a market capitalization of $1.88 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a fifty-two week low of $53.87 and a fifty-two week high of $62.20.

About Franklin U.S. Mid Cap Multifactor Index ETF

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.