Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,725 shares, a decline of 85.5% from the August 15th total of 253,190 shares. Based on an average daily volume of 144,855 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several institutional investors have recently modified their holdings of FLIN. 3EDGE Asset Management LP acquired a new position in Franklin FTSE India ETF during the 4th quarter worth $29,642,000. Susquehanna International Group LLP acquired a new position in shares of Franklin FTSE India ETF during the third quarter valued at $10,489,000. Goldman Sachs Group Inc. acquired a new position in shares of Franklin FTSE India ETF during the first quarter valued at $9,348,000. Bank of America Corp DE raised its stake in shares of Franklin FTSE India ETF by 121.4% during the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Franklin FTSE India ETF during the fourth quarter valued at about $4,760,000.

Franklin FTSE India ETF Trading Up 0.7%

FLIN traded up $0.25 during trading on Friday, reaching $34.83. 62,121 shares of the company were exchanged, compared to its average volume of 783,314. Franklin FTSE India ETF has a 52 week low of $32.20 and a 52 week high of $39.85. The firm has a 50 day moving average of $35.50 and a 200 day moving average of $35.14. The stock has a market cap of $2.59 billion, a P/E ratio of 22.46 and a beta of 0.46.

Franklin FTSE India ETF Company Profile

(Get Free Report)

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.

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