Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Growth in Short Interest

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 36,082 shares, an increase of 16.0% from the February 12th total of 31,114 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 95,379 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 95,379 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Franklin U.S. Equity Index ETF Stock Performance

Shares of USPX opened at $57.83 on Thursday. Franklin U.S. Equity Index ETF has a 52 week low of $42.40 and a 52 week high of $61.19. The firm has a market cap of $1.63 billion, a P/E ratio of 25.39 and a beta of 0.92. The firm’s 50-day simple moving average is $59.93 and its 200 day simple moving average is $59.35.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

A number of institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Franklin U.S. Equity Index ETF by 2.4% during the third quarter. Envestnet Asset Management Inc. now owns 13,264 shares of the company’s stock worth $777,000 after purchasing an additional 312 shares during the period. Bank of America Corp DE boosted its stake in Franklin U.S. Equity Index ETF by 19.9% in the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after purchasing an additional 455 shares during the period. Kestra Advisory Services LLC bought a new stake in Franklin U.S. Equity Index ETF in the 4th quarter valued at $35,000. O Shaughnessy Asset Management LLC acquired a new position in Franklin U.S. Equity Index ETF in the 4th quarter valued at $46,000. Finally, Huntington National Bank acquired a new position in Franklin U.S. Equity Index ETF in the 3rd quarter valued at $53,000.

Franklin U.S. Equity Index ETF Company Profile

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).