Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Sees Significant Growth in Short Interest

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 42,384 shares, an increase of 186.9% from the May 31st total of 14,771 shares. Based on an average trading volume of 110,350 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Franklin U.S. Mid Cap Multifactor Index ETF

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its stake in Franklin U.S. Mid Cap Multifactor Index ETF by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,643,176 shares of the company’s stock valued at $143,407,000 after buying an additional 43,120 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 3.8% during the fourth quarter. Raymond James Financial Inc. now owns 1,861,769 shares of the company’s stock worth $104,743,000 after acquiring an additional 67,967 shares in the last quarter. Orgel Wealth Management LLC increased its position in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 7.6% during the fourth quarter. Orgel Wealth Management LLC now owns 1,510,839 shares of the company’s stock worth $85,000,000 after acquiring an additional 107,072 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% during the first quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after acquiring an additional 142,619 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 19.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 975,462 shares of the company’s stock worth $55,065,000 after acquiring an additional 160,864 shares during the period.

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

BATS FLQM opened at $58.11 on Tuesday. The firm has a market cap of $1.78 billion, a P/E ratio of 16.69 and a beta of 0.98. The stock’s 50-day moving average is $56.90 and its 200-day moving average is $56.89. Franklin U.S. Mid Cap Multifactor Index ETF has a one year low of $53.64 and a one year high of $58.70.

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.