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

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 9,606 shares, a decrease of 61.7% from the January 15th total of 25,078 shares. Based on an average daily volume of 108,986 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 108,986 shares, the short-interest ratio is presently 0.1 days.

Franklin Systematic Style Premia ETF Stock Performance

Shares of FLSP stock opened at $27.14 on Wednesday. Franklin Systematic Style Premia ETF has a fifty-two week low of $23.00 and a fifty-two week high of $27.50. The stock has a 50 day simple moving average of $27.02 and a two-hundred day simple moving average of $26.39. The company has a market cap of $582.15 million, a P/E ratio of 18.32 and a beta of 0.01.

Institutional Investors Weigh In On Franklin Systematic Style Premia ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in shares of Franklin Systematic Style Premia ETF during the 3rd quarter worth about $27,000. Assetmark Inc. grew its stake in Franklin Systematic Style Premia ETF by 1,558.1% in the fourth quarter. Assetmark Inc. now owns 1,426 shares of the company’s stock valued at $38,000 after acquiring an additional 1,340 shares during the period. Private Trust Co. NA bought a new stake in shares of Franklin Systematic Style Premia ETF during the second quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Systematic Style Premia ETF during the second quarter worth approximately $117,000. Finally, Elyxium Wealth LLC bought a new position in shares of Franklin Systematic Style Premia ETF in the 4th quarter worth $217,000.

About Franklin Systematic Style Premia ETF

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.