Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Declines By 37.6%

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,765 shares, a decline of 37.6% from the April 30th total of 33,268 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 27,096 shares, the days-to-cover ratio is presently 0.8 days.

Franklin Systematic Style Premia ETF Trading Up 0.3%

Shares of FLSP opened at $27.24 on Wednesday. The firm has a market cap of $743.65 million, a P/E ratio of 18.32 and a beta of 0.04. Franklin Systematic Style Premia ETF has a 12-month low of $23.90 and a 12-month high of $27.89. The company’s 50-day moving average price is $27.16 and its 200 day moving average price is $27.12.

Institutional Trading of Franklin Systematic Style Premia ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI purchased a new stake in Franklin Systematic Style Premia ETF during the third quarter worth about $27,000. Assetmark Inc. increased its stake in Franklin Systematic Style Premia ETF by 1,558.1% during the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock worth $38,000 after purchasing an additional 1,340 shares during the period. Royal Bank of Canada increased its stake in Franklin Systematic Style Premia ETF by 200.6% during the first quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after purchasing an additional 1,290 shares during the period. Kestra Advisory Services LLC purchased a new position in Franklin Systematic Style Premia ETF in the fourth quarter worth approximately $68,000. Finally, Geneos Wealth Management Inc. acquired a new position in Franklin Systematic Style Premia ETF during the 1st quarter worth approximately $96,000.

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.