Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Update

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 23,578 shares, a decline of 46.2% from the November 30th total of 43,819 shares. Based on an average daily volume of 23,783 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 23,783 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new position in shares of Franklin Systematic Style Premia ETF in the 2nd quarter worth $25,491,000. PNC Financial Services Group Inc. lifted its holdings in shares of Franklin Systematic Style Premia ETF by 54,881.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,052,350 shares of the company’s stock valued at $25,362,000 after acquiring an additional 1,050,436 shares during the last quarter. Franklin Resources Inc. grew its position in Franklin Systematic Style Premia ETF by 4.4% in the second quarter. Franklin Resources Inc. now owns 5,758,551 shares of the company’s stock worth $138,781,000 after acquiring an additional 243,422 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Franklin Systematic Style Premia ETF during the third quarter worth approximately $5,791,000. Finally, KWB Wealth raised its position in Franklin Systematic Style Premia ETF by 165.1% during the third quarter. KWB Wealth now owns 280,364 shares of the company’s stock valued at $7,435,000 after purchasing an additional 174,609 shares during the period.

Franklin Systematic Style Premia ETF Trading Up 0.5%

Shares of Franklin Systematic Style Premia ETF stock opened at $27.04 on Friday. The firm has a market cap of $538.10 million, a PE ratio of 18.32 and a beta of 0.01. The stock has a 50 day moving average of $26.91 and a 200 day moving average of $25.77. Franklin Systematic Style Premia ETF has a 12 month low of $23.00 and a 12 month high of $27.43.

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.