Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Significant Increase in Short Interest
by Amy Steele · The Cerbat GemFranklin FTSE South Korea ETF (NYSEARCA:FLKR – Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 775,669 shares, a growth of 272.8% from the March 31st total of 208,088 shares. Based on an average daily trading volume, of 626,519 shares, the short-interest ratio is presently 1.2 days. Currently, 6.0% of the company’s shares are short sold.
Franklin FTSE South Korea ETF Trading Up 2.6%
NYSEARCA:FLKR traded up $1.26 during midday trading on Friday, hitting $50.08. 351,530 shares of the company traded hands, compared to its average volume of 504,299. The firm’s fifty day moving average is $43.99 and its 200-day moving average is $37.07. Franklin FTSE South Korea ETF has a 12-month low of $18.79 and a 12-month high of $50.49. The firm has a market capitalization of $681.09 million, a P/E ratio of 10.49 and a beta of 1.24.
Institutional Trading of Franklin FTSE South Korea ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cercano Management LLC purchased a new stake in Franklin FTSE South Korea ETF during the 3rd quarter valued at $7,117,000. Goldman Sachs Group Inc. raised its holdings in Franklin FTSE South Korea ETF by 492.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock valued at $5,734,000 after buying an additional 148,714 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Franklin FTSE South Korea ETF during the 2nd quarter valued at $4,140,000. Empowered Funds LLC purchased a new stake in Franklin FTSE South Korea ETF during the 4th quarter valued at $5,104,000. Finally, Bank of Nova Scotia raised its holdings in Franklin FTSE South Korea ETF by 26.4% during the 4th quarter. Bank of Nova Scotia now owns 122,730 shares of the company’s stock valued at $3,972,000 after buying an additional 25,600 shares during the period.
About Franklin FTSE South Korea ETF
The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.