Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Down 28.8% in January

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 290,620 shares, a decline of 28.8% from the January 15th total of 408,252 shares. Based on an average daily trading volume, of 276,285 shares, the short-interest ratio is presently 1.1 days. Approximately 3.3% of the company’s stock are short sold. Approximately 3.3% of the company’s stock are short sold. Based on an average daily trading volume, of 276,285 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Franklin FTSE South Korea ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLKR. EverSource Wealth Advisors LLC grew its stake in Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after buying an additional 674 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in Franklin FTSE South Korea ETF in the fourth quarter worth about $204,000. Summit Financial LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the fourth quarter worth about $217,000. Bank of Montreal Can acquired a new position in shares of Franklin FTSE South Korea ETF during the second quarter valued at about $177,000. Finally, Greenline Partners LLC acquired a new position in shares of Franklin FTSE South Korea ETF during the third quarter valued at about $208,000.

Franklin FTSE South Korea ETF Stock Performance

NYSEARCA:FLKR traded up $1.02 during midday trading on Friday, reaching $43.60. 347,467 shares of the stock traded hands, compared to its average volume of 266,376. The stock has a market capitalization of $388.04 million, a PE ratio of 10.49 and a beta of 1.23. Franklin FTSE South Korea ETF has a 12-month low of $16.54 and a 12-month high of $43.73. The business has a 50-day moving average of $35.60 and a two-hundred day moving average of $30.67.

About Franklin FTSE South Korea ETF

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.