Short Interest in Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Expands By 116.5%

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 64,242 shares, a growth of 116.5% from the April 30th total of 29,669 shares. Based on an average trading volume of 91,530 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

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

A number of hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors raised its holdings in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock worth $36,978,000 after buying an additional 283,316 shares in the last quarter. Royal Bank of Canada increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 18.3% during the 1st quarter. Royal Bank of Canada now owns 16,659 shares of the company’s stock valued at $1,127,000 after purchasing an additional 2,578 shares in the last quarter. Cetera Investment Advisers increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 3.9% during the 1st quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock valued at $37,981,000 after purchasing an additional 21,290 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock valued at $74,007,000 after purchasing an additional 63,545 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Franklin U.S. Large Cap Multifactor Index ETF by 7.1% during the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock valued at $113,314,000 after purchasing an additional 111,752 shares in the last quarter.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.2%

Shares of FLQL stock opened at $77.65 on Friday. The stock has a 50 day moving average of $72.97 and a two-hundred day moving average of $71.10. Franklin U.S. Large Cap Multifactor Index ETF has a 12 month low of $59.50 and a 12 month high of $78.00. The company has a market capitalization of $1.88 billion, a P/E ratio of 24.11 and a beta of 0.95.

About Franklin U.S. Large Cap Multifactor Index ETF

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.