Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Declines By 61.5%

Franklin FTSE Japan ETF (NYSEARCA:FLJPGet Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 723,751 shares, a decrease of 61.5% from the May 14th total of 1,877,826 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 856,936 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several institutional investors have recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at about $25,000. Sunbelt Securities Inc. boosted its holdings in Franklin FTSE Japan ETF by 475.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after acquiring an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at about $41,000. Flagship Harbor Advisors LLC purchased a new stake in Franklin FTSE Japan ETF during the 4th quarter valued at about $59,000. Finally, Farther Finance Advisors LLC boosted its holdings in Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after acquiring an additional 522 shares during the period.

Franklin FTSE Japan ETF Stock Up 0.6%

Shares of Franklin FTSE Japan ETF stock traded up $0.22 during trading on Friday, hitting $39.56. 1,056,683 shares of the stock traded hands, compared to its average volume of 1,287,053. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The firm’s fifty day moving average is $38.58 and its 200-day moving average is $37.23. Franklin FTSE Japan ETF has a 52 week low of $30.54 and a 52 week high of $40.22.

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.

See Also

Receive News & Ratings for Franklin FTSE Japan ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin FTSE Japan ETF and related companies with MarketBeat.com's FREE daily email newsletter.