Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Monday . 1,234,227 shares were traded during mid-day trading, an increase of 211% from the previous session’s volume of 397,115 shares.The stock last traded at $38.1060 and had previously closed at $37.95.

Franklin FTSE India ETF Price Performance

The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46. The firm’s fifty day moving average price is $38.71 and its two-hundred day moving average price is $38.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Management Corp of Ontario lifted its holdings in shares of Franklin FTSE India ETF by 220.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,563,681 shares of the company’s stock worth $62,281,000 after purchasing an additional 1,075,500 shares in the last quarter. AGF Management Ltd. raised its holdings in Franklin FTSE India ETF by 16.9% during the third quarter. AGF Management Ltd. now owns 1,197,347 shares of the company’s stock worth $44,649,000 after buying an additional 172,979 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Franklin FTSE India ETF by 30.7% during the third quarter. Principal Financial Group Inc. now owns 898,218 shares of the company’s stock worth $33,495,000 after buying an additional 210,899 shares during the last quarter. OLD National Bancorp IN lifted its stake in shares of Franklin FTSE India ETF by 8.8% in the third quarter. OLD National Bancorp IN now owns 692,124 shares of the company’s stock valued at $25,809,000 after buying an additional 56,080 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Franklin FTSE India ETF by 3,953.4% during the second quarter. New York Life Investment Management LLC now owns 495,687 shares of the company’s stock valued at $19,743,000 after buying an additional 483,458 shares during the last quarter.

Franklin FTSE India ETF Company Profile

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.