Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Down 41.6% in February

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 6,501 shares, a drop of 41.6% from the February 12th total of 11,131 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 178,816 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 178,816 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Franklin Systematic Style Premia ETF Stock Performance

NYSEARCA:FLSP traded up $0.18 during mid-day trading on Friday, reaching $27.26. The stock had a trading volume of 356,245 shares, compared to its average volume of 130,146. The stock has a market capitalization of $584.73 million, a P/E ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a one year low of $23.00 and a one year high of $27.89. The firm has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $26.75.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its position in Franklin Systematic Style Premia ETF by 2.6% in the first quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after purchasing an additional 434 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Franklin Systematic Style Premia ETF in the first quarter worth approximately $1,423,000. PNC Financial Services Group Inc. increased its stake in shares of Franklin Systematic Style Premia ETF by 54,881.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,052,350 shares of the company’s stock worth $25,362,000 after buying an additional 1,050,436 shares during the period. Cetera Investment Advisers increased its stake in shares of Franklin Systematic Style Premia ETF by 9.3% in the second quarter. Cetera Investment Advisers now owns 92,370 shares of the company’s stock worth $2,226,000 after buying an additional 7,849 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Franklin Systematic Style Premia ETF by 4.4% during the 2nd quarter. Franklin Resources Inc. now owns 5,758,551 shares of the company’s stock valued at $138,781,000 after buying an additional 243,422 shares during the last quarter.

Franklin Systematic Style Premia ETF Company Profile

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.