Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Shares Shorted: Short Interest Up 73.4% in September

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 54,706 shares, a growth of 73.4% from the August 31st total of 31,552 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 215,995 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC acquired a new stake in Franklin Systematic Style Premia ETF during the 2nd quarter valued at approximately $39,000. CoreCap Advisors LLC increased its stake in shares of Franklin Systematic Style Premia ETF by 48.7% in the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after acquiring an additional 565 shares during the period. Royal Bank of Canada raised its holdings in shares of Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after purchasing an additional 1,290 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Franklin Systematic Style Premia ETF during the first quarter worth $96,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Franklin Systematic Style Premia ETF during the first quarter valued at $108,000.

Franklin Systematic Style Premia ETF Stock Up 0.7%

Shares of NYSEARCA:FLSP traded up $0.21 during trading on Thursday, hitting $28.81. The stock had a trading volume of 181,938 shares, compared to its average volume of 113,409. Franklin Systematic Style Premia ETF has a 12-month low of $26.02 and a 12-month high of $30.00. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.32 and a beta of 0.03. The stock has a 50-day simple moving average of $28.42 and a two-hundred day simple moving average of $27.71.

About Franklin Systematic Style Premia ETF

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.