Franklin Focused Growth ETF (BATS:FFOG) Shares Shorted: Short Interest Down 71.1% in October

Franklin Focused Growth ETF (BATS:FFOG) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 9,473 shares, a drop of 71.1% from the October 15th total of 32,826 shares. Based on an average daily trading volume, of 44,767 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Franklin Focused Growth ETF Stock Performance

Shares of FFOG stock opened at $46.63 on Friday. Franklin Focused Growth ETF has a fifty-two week low of $38.89 and a fifty-two week high of $53.78. The firm has a market cap of $158.54 million, a P/E ratio of 47.17 and a beta of 1.43. The business’s 50 day moving average price is $49.70 and its 200-day moving average price is $47.85.

Institutional Trading of Franklin Focused Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smith Moore & CO. bought a new stake in Franklin Focused Growth ETF in the third quarter valued at $221,000. Private Advisor Group LLC bought a new position in Franklin Focused Growth ETF in the 3rd quarter worth $438,000. IFG Advisory LLC raised its holdings in Franklin Focused Growth ETF by 37.4% in the 3rd quarter. IFG Advisory LLC now owns 60,994 shares of the company’s stock worth $3,166,000 after purchasing an additional 16,615 shares in the last quarter. Fifth Third Bancorp raised its holdings in Franklin Focused Growth ETF by 134.7% in the 3rd quarter. Fifth Third Bancorp now owns 3,715 shares of the company’s stock worth $193,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Franklin Focused Growth ETF by 9.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 13,495 shares of the company’s stock worth $701,000 after purchasing an additional 1,118 shares in the last quarter.

About Franklin Focused Growth ETF

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.