Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Up 38.4% in January

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 25,078 shares, a growth of 38.4% from the December 31st total of 18,116 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 77,310 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 77,310 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Franklin Systematic Style Premia ETF

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in Franklin Systematic Style Premia ETF during the 3rd quarter worth $27,000. Assetmark Inc. boosted its position in shares of Franklin Systematic Style Premia ETF by 1,558.1% in the 4th quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after buying an additional 1,340 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of Franklin Systematic Style Premia ETF during the 2nd quarter worth approximately $63,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Systematic Style Premia ETF in the second quarter worth $117,000. Finally, Ameritas Advisory Services LLC acquired a new position in Franklin Systematic Style Premia ETF in the 2nd quarter valued at about $143,000.

Franklin Systematic Style Premia ETF Stock Performance

Shares of NYSEARCA:FLSP traded down $0.33 during midday trading on Friday, hitting $27.01. The company’s stock had a trading volume of 248,603 shares, compared to its average volume of 93,095. The company has a market cap of $575.31 million, a P/E ratio of 18.32 and a beta of 0.01. Franklin Systematic Style Premia ETF has a 12-month low of $23.00 and a 12-month high of $27.43. The business’s 50 day simple moving average is $27.01 and its 200 day simple moving average is $26.24.

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.