Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Increases By 141.4%
by Scott Moore · The Cerbat GemFranklin FTSE Canada ETF (NYSEARCA:FLCA – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 78,823 shares, an increase of 141.4% from the April 15th total of 32,654 shares. Based on an average trading volume of 77,940 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are short sold.
Franklin FTSE Canada ETF Stock Down 1.2%
FLCA traded down $0.64 during trading hours on Friday, hitting $51.36. The stock had a trading volume of 21,879 shares, compared to its average volume of 81,581. The company’s fifty day simple moving average is $50.52 and its 200 day simple moving average is $49.03. Franklin FTSE Canada ETF has a 1 year low of $39.73 and a 1 year high of $52.84. The stock has a market cap of $734.45 million, a PE ratio of 19.67 and a beta of 0.85.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. FDx Advisors Inc. purchased a new position in Franklin FTSE Canada ETF during the 3rd quarter valued at about $938,000. Aureum Wealth Management LLC purchased a new position in Franklin FTSE Canada ETF during the 4th quarter valued at about $2,039,000. Sage Advisory Services Ltd.Co. purchased a new position in Franklin FTSE Canada ETF during the 4th quarter valued at about $1,955,000. Wealth Enhancement Advisory Services LLC grew its holdings in Franklin FTSE Canada ETF by 217.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,588 shares of the company’s stock valued at $805,000 after buying an additional 12,051 shares in the last quarter. Finally, Innealta Capital LLC grew its holdings in Franklin FTSE Canada ETF by 3.8% during the 1st quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after buying an additional 2,769 shares in the last quarter.
About Franklin FTSE Canada ETF
The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.