Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Growth in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 78,823 shares, an increase of 141.4% from the April 15th total of 32,654 shares. Based on an average trading volume of 77,940 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in Franklin FTSE Canada ETF by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock valued at $874,000 after acquiring an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after buying an additional 610 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Franklin FTSE Canada ETF by 1,080.0% in the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after buying an additional 756 shares in the last quarter. Comerica Bank grew its stake in shares of Franklin FTSE Canada ETF by 1,557.1% in the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after buying an additional 763 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Canada ETF in the 3rd quarter valued at approximately $37,000.

Franklin FTSE Canada ETF Trading Down 1.3%

NYSEARCA:FLCA traded down $0.67 on Friday, hitting $51.33. 33,191 shares of the company’s stock traded hands, compared to its average volume of 81,713. Franklin FTSE Canada ETF has a 1 year low of $39.73 and a 1 year high of $52.84. The firm has a 50-day moving average price of $50.52 and a 200-day moving average price of $49.05. The company has a market cap of $734.02 million, a PE ratio of 19.67 and a beta of 0.85.

Franklin FTSE Canada ETF Company Profile

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.