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

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 99,264 shares, a decrease of 86.3% from the June 30th total of 726,100 shares. Based on an average daily trading volume, of 86,034 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tredje AP fonden raised its holdings in Franklin Systematic Style Premia ETF by 101.2% during the fourth quarter. Tredje AP fonden now owns 8,050,000 shares of the company’s stock worth $216,626,000 after purchasing an additional 4,050,000 shares during the last quarter. Franklin Resources Inc. grew its holdings in Franklin Systematic Style Premia ETF by 19.1% in the fourth quarter. Franklin Resources Inc. now owns 6,969,526 shares of the company’s stock valued at $187,550,000 after purchasing an additional 1,119,845 shares during the last quarter. Peak Financial Advisors LLC acquired a new stake in Franklin Systematic Style Premia ETF in the first quarter valued at $18,183,000. Assetmark Inc. increased its position in shares of Franklin Systematic Style Premia ETF by 34,460.7% in the first quarter. Assetmark Inc. now owns 492,835 shares of the company’s stock valued at $13,405,000 after buying an additional 491,409 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Franklin Systematic Style Premia ETF in the third quarter valued at $5,791,000.

Franklin Systematic Style Premia ETF Price Performance

Franklin Systematic Style Premia ETF stock traded up $0.12 during mid-day trading on Friday, reaching $27.93. The company had a trading volume of 59,527 shares, compared to its average volume of 110,748. Franklin Systematic Style Premia ETF has a 1 year low of $24.30 and a 1 year high of $29.01. The company has a market capitalization of $1.02 billion, a P/E ratio of 18.32 and a beta of 0.04. The stock’s 50-day simple moving average is $27.49 and its 200-day simple moving average is $27.27.

Franklin Systematic Style Premia ETF Company Profile

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.