Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Stock Short Interest Report for September

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 93,230 shares, a growth of 60.1% from the September 15th total of 58,218 shares. Based on an average daily volume of 150,508 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Franklin U.S. Equity Index ETF Trading Down 1.1%

NYSEARCA:USPX traded down $0.71 during mid-day trading on Friday, hitting $66.79. 30,108 shares of the company’s stock traded hands, compared to its average volume of 83,119. The firm has a 50 day moving average of $67.22 and a two-hundred day moving average of $65.03. Franklin U.S. Equity Index ETF has a 12 month low of $54.99 and a 12 month high of $68.47. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC boosted its position in shares of Franklin U.S. Equity Index ETF by 7.7% in the first quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after acquiring an additional 153,460 shares during the period. Bank of New York Mellon Corp raised its stake in Franklin U.S. Equity Index ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after purchasing an additional 94,458 shares during the last quarter. Sequent Planning LLC raised its stake in Franklin U.S. Equity Index ETF by 15.6% during the 1st quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after purchasing an additional 50,573 shares during the last quarter. RFG Advisory LLC acquired a new position in Franklin U.S. Equity Index ETF during the 2nd quarter valued at $4,247,000. Finally, Cetera Investment Advisers boosted its holdings in Franklin U.S. Equity Index ETF by 26.9% in the 1st quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock valued at $930,000 after purchasing an additional 3,466 shares during the period.

Franklin U.S. Equity Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).