Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Up 283.4% in June
by Tristan Rich · The Markets DailyFranklin FTSE Canada ETF (NYSEARCA:FLCA – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 105,455 shares, an increase of 283.4% from the May 31st total of 27,503 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 51,057 shares, the days-to-cover ratio is currently 2.1 days.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Franklin FTSE Canada ETF by 20.4% during the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after purchasing an additional 720,745 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Franklin FTSE Canada ETF in the 1st quarter valued at about $231,000. Innealta Capital LLC lifted its holdings in Franklin FTSE Canada ETF by 3.8% in the 1st quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after purchasing an additional 2,769 shares in the last quarter. Nottingham Advisors Inc. lifted its holdings in Franklin FTSE Canada ETF by 2.3% in the 1st quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after purchasing an additional 6,360 shares in the last quarter. Finally, Bayban acquired a new stake in shares of Franklin FTSE Canada ETF during the 4th quarter worth about $70,000.
Franklin FTSE Canada ETF Price Performance
FLCA traded down $0.26 during trading on Friday, reaching $51.58. 270,831 shares of the stock were exchanged, compared to its average volume of 75,565. The company has a market capitalization of $737.59 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. Franklin FTSE Canada ETF has a 1 year low of $41.04 and a 1 year high of $53.26. The business’s 50 day moving average price is $52.04 and its two-hundred day moving average price is $50.38.
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.