Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Short Interest Update

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 726,100 shares, a growth of 1,866.7% from the June 15th total of 36,920 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 211,519 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of Franklin Systematic Style Premia ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in shares of Franklin Systematic Style Premia ETF by 2.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 17,247 shares of the company’s stock valued at $423,000 after acquiring an additional 434 shares during the period. Jane Street Group LLC purchased a new position in shares of Franklin Systematic Style Premia ETF during the 1st quarter worth approximately $1,423,000. Raymond James Financial Inc. acquired a new stake in Franklin Systematic Style Premia ETF in the 2nd quarter valued at approximately $117,000. Bank of America Corp DE increased its holdings in Franklin Systematic Style Premia ETF by 1.3% in the 2nd quarter. Bank of America Corp DE now owns 1,071,206 shares of the company’s stock valued at $25,816,000 after purchasing an additional 13,975 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Franklin Systematic Style Premia ETF by 458.3% in the 2nd quarter. Osaic Holdings Inc. now owns 16,246 shares of the company’s stock valued at $392,000 after purchasing an additional 13,336 shares during the last quarter.

Franklin Systematic Style Premia ETF Stock Performance

Shares of NYSEARCA:FLSP traded up $0.28 during trading on Friday, reaching $27.63. The stock had a trading volume of 84,883 shares, compared to its average volume of 113,055. The business has a fifty day moving average price of $27.36 and a 200-day moving average price of $27.20. The stock has a market cap of $1.01 billion, a PE ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 1-year low of $23.90 and a 1-year high of $29.01.

About Franklin Systematic Style Premia ETF

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.