Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) Shares Shorted: Short Interest Down 98.1% in October

Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 99 shares, a decline of 98.1% from the October 15th total of 5,194 shares. Based on an average daily volume of 81,004 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

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

Shares of FLQM traded up $0.17 during mid-day trading on Tuesday, reaching $62.86. The stock had a trading volume of 62,632 shares, compared to its average volume of 121,852. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 16.64 and a beta of 0.89. The business has a fifty day moving average of $59.95 and a 200 day moving average of $58.32. Franklin U.S. Mid Cap Multifactor Index ETF has a 12 month low of $53.87 and a 12 month high of $63.91.

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

Several large investors have recently made changes to their positions in FLQM. HighTower Advisors LLC bought a new position in Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at $37,592,000. Cetera Investment Advisers grew its stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 10.9% in the 1st quarter. Cetera Investment Advisers now owns 1,454,613 shares of the company’s stock worth $79,902,000 after buying an additional 142,619 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the 3rd quarter worth about $6,868,000. International Assets Investment Management LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 1,127.9% in the 3rd quarter. International Assets Investment Management LLC now owns 60,450 shares of the company’s stock worth $3,472,000 after buying an additional 55,527 shares during the last quarter. Finally, MBL Wealth LLC increased its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 389.4% in the 3rd quarter. MBL Wealth LLC now owns 41,285 shares of the company’s stock worth $2,371,000 after buying an additional 32,850 shares during the last quarter.

About Franklin U.S. Mid Cap Multifactor Index ETF

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.