Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Short Interest Down 88.5% in July

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,671 shares, a drop of 88.5% from the June 30th total of 31,842 shares. Based on an average daily volume of 101,911 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in Franklin U.S. Mid Cap Multifactor Index ETF in the 1st quarter valued at $50,000. Comerica Bank bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter worth $51,000. Richards Merrill & Peterson Inc. bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the first quarter worth $52,000. NewEdge Advisors LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 44.4% in the second 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 last quarter. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 14.8% in the fourth 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 Stock Up 1.3%

Shares of BATS FLQM opened at $59.25 on Friday. The business’s 50 day moving average price is $57.81 and its two-hundred day moving average price is $57.15. The company has a market cap of $1.82 billion, a PE ratio of 16.69 and a beta of 0.98. Franklin U.S. Mid Cap Multifactor Index ETF has a twelve month low of $53.72 and a twelve month high of $60.34.

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.