Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Sees Significant Growth in Short Interest

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,390 shares, an increase of 229.0% from the February 26th total of 6,501 shares. Based on an average daily volume of 256,591 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 256,591 shares, the days-to-cover ratio is currently 0.1 days.

Franklin Systematic Style Premia ETF Stock Up 0.8%

NYSEARCA FLSP traded up $0.22 on Wednesday, reaching $27.00. The company had a trading volume of 14,155 shares, compared to its average volume of 117,503. Franklin Systematic Style Premia ETF has a 52 week low of $23.00 and a 52 week high of $27.89. The stock’s 50 day moving average is $27.16 and its 200-day moving average is $26.83. The stock has a market cap of $579.15 million, a price-to-earnings ratio of 18.32 and a beta of 0.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. National Bank of Canada FI bought a new position in shares of Franklin Systematic Style Premia ETF during the third quarter worth $27,000. Assetmark Inc. lifted its holdings in Franklin Systematic Style Premia ETF by 1,558.1% during the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,340 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Franklin Systematic Style Premia ETF in the fourth quarter valued at about $68,000. Raymond James Financial Inc. bought a new stake in shares of Franklin Systematic Style Premia ETF in the second quarter worth about $117,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Franklin Systematic Style Premia ETF during the fourth quarter worth about $217,000.

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.