Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Short Interest Update

by · The Cerbat Gem

Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 28,505 shares, a drop of 16.9% from the December 15th total of 34,293 shares. Based on an average daily volume of 40,002 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 40,002 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USPX. 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 in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $149,000 after buying an additional 455 shares during the last quarter. Huntington National Bank acquired a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter worth about $53,000. Park Avenue Securities LLC increased its stake in Franklin U.S. Equity Index ETF by 6.4% during the 4th quarter. Park Avenue Securities LLC now owns 22,618 shares of the company’s stock worth $1,352,000 after buying an additional 1,359 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Franklin U.S. Equity Index ETF during the second quarter valued at approximately $254,000.

Franklin U.S. Equity Index ETF Price Performance

Franklin U.S. Equity Index ETF stock opened at $60.62 on Tuesday. The stock has a market capitalization of $1.70 billion, a PE ratio of 25.39 and a beta of 0.92. The business has a 50 day simple moving average of $59.86 and a 200-day simple moving average of $58.17. Franklin U.S. Equity Index ETF has a 12 month low of $42.40 and a 12 month high of $61.19.

Franklin U.S. Equity Index ETF Company Profile

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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).

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