Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Increase in Short Interest

by · The Cerbat Gem

Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 223,815 shares, an increase of 276.5% from the November 30th total of 59,442 shares. Based on an average daily volume of 334,126 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 334,126 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its position in Franklin FTSE Japan ETF by 475.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after buying an additional 950 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Franklin FTSE Japan ETF by 31.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,246 shares of the company’s stock valued at $66,000 after purchasing an additional 539 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in Franklin FTSE Japan ETF in the 2nd quarter worth about $109,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Franklin FTSE Japan ETF by 385.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,400 shares of the company’s stock worth $109,000 after buying an additional 2,700 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Franklin FTSE Japan ETF during the second quarter worth $184,000.

Franklin FTSE Japan ETF Stock Down 0.0%

Shares of FLJP stock traded down $0.01 during mid-day trading on Friday, reaching $34.58. The company’s stock had a trading volume of 298,808 shares, compared to its average volume of 573,755. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $36.61. The company’s 50 day simple moving average is $35.45 and its 200-day simple moving average is $34.00. The firm has a market capitalization of $2.41 billion, a PE ratio of 14.28 and a beta of 0.65.

About Franklin FTSE Japan ETF

(Get Free Report)

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.

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