Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Sees Significant Drop in Short Interest

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 5,000 shares, a decrease of 35.1% from the May 15th total of 7,700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,700 shares, the short-interest ratio is currently 0.1 days.

Franklin Systematic Style Premia ETF Trading Down 0.4%

Shares of NYSEARCA FLSP traded down $0.10 during midday trading on Tuesday, hitting $24.24. 3,370 shares of the company’s stock were exchanged, compared to its average volume of 38,589. Franklin Systematic Style Premia ETF has a 12-month low of $21.72 and a 12-month high of $26.00. The company has a market cap of $342.94 million, a price-to-earnings ratio of 18.32 and a beta of 0.02. The business’s fifty day moving average price is $24.18 and its two-hundred day moving average price is $24.06.

Institutional Trading of Franklin Systematic Style Premia ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLSP. Tredje AP fonden purchased a new position in shares of Franklin Systematic Style Premia ETF during the fourth quarter worth approximately $95,640,000. Crossmark Global Holdings Inc. bought a new stake in shares of Franklin Systematic Style Premia ETF in the 1st quarter valued at about $1,770,000. Jane Street Group LLC purchased a new stake in Franklin Systematic Style Premia ETF during the 1st quarter valued at about $1,423,000. Franklin Resources Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 5,572,889 shares of the company’s stock valued at $133,248,000 after acquiring an additional 42,311 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in Franklin Systematic Style Premia ETF by 160.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 67,747 shares of the company’s stock worth $1,663,000 after acquiring an additional 41,755 shares during the last quarter.

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.