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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 May 3, 2024, FLSP stock price declined to $23.21 with 15,078 million shares trading.
FLSP has a beta of 0.22, meaning it tends to be less sensitive to market movements. FLSP has a correlation of 0.14 to the broad based SPY ETF.
FLSP has a market cap of $178.72 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 has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +27.0%. FLSP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.6% and -2.1%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
FLSP support price is $22.96 and resistance is $23.53 (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.