Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Short Interest Down 93.4% in August

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 504 shares, a decline of 93.4% from the July 30th total of 7,584 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,184 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of Franklin U.S. Small Cap Multifactor Index ETF stock traded up $0.03 during trading hours on Thursday, hitting $49.95. The company had a trading volume of 363 shares, compared to its average volume of 6,850. Franklin U.S. Small Cap Multifactor Index ETF has a twelve month low of $40.76 and a twelve month high of $50.86. The company has a market cap of $57.44 million, a P/E ratio of 16.41 and a beta of 0.99. The company’s 50-day moving average is $49.36 and its two-hundred day moving average is $46.51.

Hedge Funds Weigh In On Franklin U.S. Small Cap Multifactor Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLQS. Kestra Advisory Services LLC purchased a new position in Franklin U.S. Small Cap Multifactor Index ETF during the fourth quarter worth about $61,000. IFP Advisors Inc increased its position in Franklin U.S. Small Cap Multifactor Index ETF by 8.7% during the fourth quarter. IFP Advisors Inc now owns 3,496 shares of the company’s stock worth $151,000 after purchasing an additional 279 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Franklin U.S. Small Cap Multifactor Index ETF in the 2nd quarter valued at about $256,000. CWM LLC boosted its position in Franklin U.S. Small Cap Multifactor Index ETF by 506.5% during the 4th quarter. CWM LLC now owns 6,963 shares of the company’s stock worth $301,000 after purchasing an additional 5,815 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Franklin U.S. Small Cap Multifactor Index ETF by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,363 shares of the company’s stock valued at $318,000 after purchasing an additional 390 shares during the period.

Franklin U.S. Small Cap Multifactor Index ETF Company Profile

The Franklin U.S. Small Cap Multifactor Index ETF (FLQS) is an exchange-traded fund that is based on the LibertyQ US Small Cap Equity index. The fund tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility. FLQS was launched on Apr 26, 2017 and is managed by Franklin Templeton.