Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) Short Interest Down 40.6% in April

Franklin U.S. Large Cap Multifactor Index ETF (BATS:FLQL) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 29,669 shares, a decrease of 40.6% from the April 15th total of 49,988 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 96,181 shares, the short-interest ratio is presently 0.3 days.

Franklin U.S. Large Cap Multifactor Index ETF Trading Down 0.4%

Shares of BATS FLQL opened at $76.11 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 24.11 and a beta of 0.95. Franklin U.S. Large Cap Multifactor Index ETF has a 1-year low of $58.55 and a 1-year high of $77.65. The company has a fifty day moving average price of $71.58 and a 200 day moving average price of $70.61.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors grew its position in shares of Franklin U.S. Large Cap Multifactor Index ETF by 107.6% in the 1st quarter. Arkadios Wealth Advisors now owns 546,687 shares of the company’s stock valued at $36,978,000 after acquiring an additional 283,316 shares during the period. Royal Bank of Canada boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 18.3% during the 1st quarter. Royal Bank of Canada now owns 16,659 shares of the company’s stock worth $1,127,000 after acquiring an additional 2,578 shares during the period. Cetera Investment Advisers boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 3.9% during the 1st quarter. Cetera Investment Advisers now owns 561,524 shares of the company’s stock worth $37,981,000 after acquiring an additional 21,290 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 6.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,094,134 shares of the company’s stock worth $74,007,000 after acquiring an additional 63,545 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of Franklin U.S. Large Cap Multifactor Index ETF by 7.1% during the 1st quarter. Sanctuary Advisors LLC now owns 1,675,252 shares of the company’s stock worth $113,314,000 after acquiring an additional 111,752 shares during the period.

Franklin U.S. Large Cap Multifactor Index ETF Company Profile

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) is an exchange-traded fund that is based on the LibertyQ US Large Cap Equity index. The fund tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. FLQL was launched on Apr 26, 2017 and is managed by Franklin Templeton.