Short Interest in Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Drops By 48.6%

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 259 shares, a drop of 48.6% from the August 15th total of 504 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,932 shares, the days-to-cover ratio is presently 0.1 days.

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

FLQS traded down $0.39 on Tuesday, reaching $48.20. 1,847 shares of the company traded hands, compared to its average volume of 6,503. The company has a market cap of $55.43 million, a price-to-earnings ratio of 16.41 and a beta of 0.99. The stock’s 50 day moving average price is $49.56 and its 200-day moving average price is $46.85. Franklin U.S. Small Cap Multifactor Index ETF has a 52-week low of $40.76 and a 52-week high of $50.86.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC increased its stake in shares of Franklin U.S. Small Cap Multifactor Index ETF by 40.2% in the second quarter. Citadel Advisors LLC now owns 44,696 shares of the company’s stock worth $2,181,000 after acquiring an additional 12,807 shares during the last quarter. Capital Analysts LLC boosted its position in Franklin U.S. Small Cap Multifactor Index ETF by 3.6% during the second quarter. Capital Analysts LLC now owns 8,955 shares of the company’s stock valued at $437,000 after purchasing an additional 314 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Franklin U.S. Small Cap Multifactor Index ETF during the second quarter valued at $74,000. IFP Advisors Inc grew its stake in Franklin U.S. Small Cap Multifactor Index ETF by 8.4% in the second quarter. IFP Advisors Inc now owns 3,803 shares of the company’s stock valued at $186,000 after purchasing an additional 296 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Franklin U.S. Small Cap Multifactor Index ETF by 1.4% in the first quarter. Cetera Investment Advisers now owns 26,139 shares of the company’s stock valued at $1,116,000 after purchasing an additional 359 shares in the last quarter.

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.