Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Up 50.9% in July

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 100,838 shares, an increase of 50.9% from the July 15th total of 66,823 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 46,096 shares, the days-to-cover ratio is presently 2.2 days.

Franklin U.S. Equity Index ETF Trading Down 1.0%

Franklin U.S. Equity Index ETF stock traded down $0.70 during trading on Tuesday, hitting $67.24. The company had a trading volume of 341 shares, compared to its average volume of 86,235. Franklin U.S. Equity Index ETF has a 1-year low of $54.99 and a 1-year high of $68.16. The company’s 50 day simple moving average is $65.55 and its 200-day simple moving average is $62.61. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 25.39 and a beta of 0.93.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Franklin U.S. Equity Index ETF by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock worth $690,538,000 after purchasing an additional 401,364 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Franklin U.S. Equity Index ETF by 7.7% in the first quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after buying an additional 153,460 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Franklin U.S. Equity Index ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after acquiring an additional 94,458 shares during the last quarter. Sequent Planning LLC raised its holdings in Franklin U.S. Equity Index ETF by 15.6% during the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock worth $21,261,000 after purchasing an additional 50,573 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the third quarter valued at $1,912,000.

About Franklin U.S. Equity Index ETF

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).