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

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 33,726 shares, a decline of 58.8% from the July 30th total of 81,760 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 76,974 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Institutional investors have recently made changes to their positions in the stock. Tredje AP fonden raised its position in shares of 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 acquiring an additional 4,050,000 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of 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 worth $187,550,000 after acquiring an additional 1,119,845 shares during the period. Bank of America Corp DE boosted its holdings in Franklin Systematic Style Premia ETF by 5.7% in the first quarter. Bank of America Corp DE now owns 1,857,918 shares of the company’s stock valued at $50,535,000 after acquiring an additional 99,527 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Franklin Systematic Style Premia ETF by 5.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,313,990 shares of the company’s stock valued at $35,741,000 after acquiring an additional 69,466 shares during the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in Franklin Systematic Style Premia ETF during the 1st quarter valued at approximately $18,183,000.

Franklin Systematic Style Premia ETF Stock Down 0.3%

NYSEARCA FLSP opened at $28.37 on Friday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a twelve month low of $25.12 and a twelve month high of $29.01. The stock has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $27.48.

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.