FLSP Stock Summary and Trading Ideas (Franklin Liberty Systematic Style Premia ETF | ARCA:FLSP)

The Fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. A risk premium is the economic concept that an investor should receive a premium (that is, a higher expected return) for bearing risk. In other words, risk premium refers to the return that is expected for assuming a particular market risk. The strategies consist of a top-down risk premia strategy and a bottom-up long/short equity strategy.

Franklin Liberty Systematic Style Premia ETF trades on the ARCA stock market under the symbol FLSP.

As of April 24, 2024, FLSP stock price declined to $23.81 with 11,762 million shares trading.

FLSP has a beta of 0.24, meaning it tends to be less sensitive to market movements. FLSP has a correlation of 0.17 to the broad based SPY ETF.

FLSP has a market cap of $183.35 million. This is considered a Micro Cap stock.

In the last 3 years, FLSP stock traded as high as $25.91 and as low as $18.05.

FLSP stock has underperformed the market in the last year with a return of +11.1%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FLSP shares. However, FLSP has outperformed the market in the last 3 month and 2 week periods, returning +5.8% and +0.4%, while SPY returned +4.5% and -1.7%, respectively. This indicates FLSP has been having a stronger performance recently.

FLSP support price is $23.49 and resistance is $24.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLSP stock will trade within this expected range on the day.