Short Interest in Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) Rises By 815.9%

Franklin U.S. Small Cap Multifactor Index ETF (BATS:FLQS) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,584 shares, a growth of 815.9% from the July 15th total of 828 shares. Based on an average trading volume of 1,993 shares, the short-interest ratio is currently 3.8 days. Approximately 0.7% of the shares of the stock are sold short.

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

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Franklin U.S. Small Cap Multifactor Index ETF by 8.7% during the 4th quarter. IFP Advisors Inc now owns 3,496 shares of the company’s stock worth $151,000 after acquiring an additional 279 shares in the last quarter. Cetera Investment Advisers increased its stake in Franklin U.S. Small Cap Multifactor Index ETF by 1.4% in the 1st 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. Janney Montgomery Scott LLC increased its stake in Franklin U.S. Small Cap Multifactor Index ETF by 5.6% in the 4th 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 in the last quarter. Harbour Investments Inc. increased its stake in Franklin U.S. Small Cap Multifactor Index ETF by 2.3% in the 4th quarter. Harbour Investments Inc. now owns 18,226 shares of the company’s stock valued at $787,000 after purchasing an additional 408 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in Franklin U.S. Small Cap Multifactor Index ETF by 5.5% during the second quarter. Focus Financial Network Inc. now owns 9,423 shares of the company’s stock worth $461,000 after purchasing an additional 490 shares during the last quarter.

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

BATS:FLQS opened at $50.15 on Wednesday. Franklin U.S. Small Cap Multifactor Index ETF has a 1 year low of $40.76 and a 1 year high of $50.86. The stock has a fifty day moving average price of $48.57 and a two-hundred day moving average price of $46.10. The stock has a market capitalization of $57.67 million, a price-to-earnings ratio of 16.41 and a beta of 0.99.

About Franklin U.S. Small Cap Multifactor Index ETF

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.