Franklin Small Cap Enhanced ETF (FSML) has seen unusual trading volume, which is 28× higher than its average daily volume.
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The Franklin Small Cap Enhanced ETF is heavily exposed to Bloom Energy, its top holding, which just reported a record first quarter with sharply higher margins, upgraded long-term revenue and earnings targets, and a high-profile Oracle data-center power deal, though insider selling has recently turned more negative. Semiconductor tester FormFactor, another key position, posted record sequential revenue and stronger profitability on its Q1 call and subsequently saw multiple analysts lift price targets, reflecting confidence in AI-driven demand despite tariff and capacity headwinds. Smaller positions in IES Holdings, Axsome Therapeutics, nLIGHT and Guardant Health also saw positive news, including strong data-center-related growth at IES, FDA approval and bullish analyst revisions for Axsome’s Alzheimer’s agitation drug Auvelity, an expansion of nLIGHT’s European defense operations, and a new collaboration plus supportive analyst commentary for Guardant Health, all contributing to a supportive backdrop for FSML’s portfolio.