Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Short Interest Update

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 197 shares, a decrease of 99.7% from the April 30th total of 64,292 shares. Based on an average trading volume of 122,084 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

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

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter worth approximately $50,000. Comerica Bank bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $51,000. Richards Merrill & Peterson Inc. purchased a new position in Franklin U.S. Mid Cap Multifactor Index ETF in the first quarter worth $52,000. NewEdge Advisors LLC grew its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,061 shares of the company’s stock valued at $58,000 after purchasing an additional 326 shares during the period. Finally, Capital Investment Advisory Services LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,718 shares of the company’s stock valued at $97,000 after purchasing an additional 221 shares during the last quarter.

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

Shares of FLQM stock traded down $0.12 on Wednesday, hitting $56.90. The stock had a trading volume of 171,522 shares, compared to its average volume of 152,696. The business has a 50 day moving average of $55.95 and a 200 day moving average of $56.63. Franklin U.S. Mid Cap Multifactor Index ETF has a 12-month low of $52.67 and a 12-month high of $58.66. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 16.69 and a beta of 0.98.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

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.