Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Short Interest Up 260.8% in May

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 108,233 shares, an increase of 260.8% from the April 30th total of 29,996 shares. Based on an average trading volume of 30,315 shares, the short-interest ratio is currently 3.6 days. Currently, 3.2% of the shares of the stock are short sold.

Franklin FTSE Japan Hedged ETF Stock Performance

Shares of Franklin FTSE Japan Hedged ETF stock traded up $0.11 on Friday, reaching $44.82. 22,046 shares of the stock were exchanged, compared to its average volume of 34,267. The firm’s 50 day moving average is $42.21 and its 200-day moving average is $40.71. Franklin FTSE Japan Hedged ETF has a one year low of $31.21 and a one year high of $44.88. The firm has a market cap of $152.39 million, a PE ratio of 14.42 and a beta of 0.35.

Institutional Investors Weigh In On Franklin FTSE Japan Hedged ETF

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter worth $32,000. Dunhill Financial LLC bought a new position in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter valued at about $33,000. Royal Bank of Canada raised its position in Franklin FTSE Japan Hedged ETF by 80.5% in the fourth quarter. Royal Bank of Canada now owns 4,468 shares of the company’s stock worth $168,000 after acquiring an additional 1,993 shares during the period. National Bank of Canada FI increased its stake in shares of Franklin FTSE Japan Hedged ETF by 15.7% in the third quarter. National Bank of Canada FI now owns 5,486 shares of the company’s stock worth $197,000 after purchasing an additional 743 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new position in shares of Franklin FTSE Japan Hedged ETF in the first quarter worth about $209,000.

Franklin FTSE Japan Hedged ETF Company Profile

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.