Short Interest in Franklin Focused Growth ETF (BATS:FFOG) Increases By 903.9%

Franklin Focused Growth ETF (BATS:FFOG) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 23,491 shares, a growth of 903.9% from the June 30th total of 2,340 shares. Based on an average daily trading volume, of 37,133 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Franklin Focused Growth ETF Trading Down 2.0%

BATS:FFOG opened at $47.22 on Friday. The company has a market cap of $160.55 million, a P/E ratio of 47.17 and a beta of 1.43. Franklin Focused Growth ETF has a twelve month low of $38.89 and a twelve month high of $52.50. The company’s 50-day moving average price is $50.01 and its 200-day moving average price is $46.82.

Institutional Investors Weigh In On Franklin Focused Growth ETF

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in Franklin Focused Growth ETF during the first quarter worth $646,000. Raymond James Financial Inc. grew its holdings in shares of Franklin Focused Growth ETF by 29.4% in the second quarter. Raymond James Financial Inc. now owns 59,979 shares of the company’s stock valued at $2,638,000 after purchasing an additional 13,624 shares during the period. Equitable Holdings Inc. increased its position in Franklin Focused Growth ETF by 54.6% during the third quarter. Equitable Holdings Inc. now owns 57,495 shares of the company’s stock worth $2,734,000 after purchasing an additional 20,307 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Franklin Focused Growth ETF during the third quarter worth about $8,407,000. Finally, Citadel Advisors LLC boosted its holdings in Franklin Focused Growth ETF by 5.7% in the 3rd quarter. Citadel Advisors LLC now owns 30,500 shares of the company’s stock valued at $1,451,000 after purchasing an additional 1,642 shares during the last quarter.

About Franklin Focused Growth ETF

The Franklin Focused Growth ETF FOCUSED GROWTH ETF (FFOG) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in equities perceived to have strong fundamentals and prospects for growth. The fund does not limit investments to any particular market-cap, industry or geography. FFOG was launched on Apr 13, 2016 and is issued by Franklin Templeton.