Short Interest in Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) Decreases By 57.9%

Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 843 shares, a drop of 57.9% from the May 14th total of 2,002 shares. Based on an average daily volume of 1,511 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin FTSE Saudi Arabia ETF

A hedge fund recently bought a new stake in Franklin FTSE Saudi Arabia ETF stock. Jane Street Group LLC bought a new stake in shares of Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,301 shares of the company’s stock, valued at approximately $240,000. Jane Street Group LLC owned about 1.33% of Franklin FTSE Saudi Arabia ETF as of its most recent SEC filing.

Franklin FTSE Saudi Arabia ETF Trading Down 0.1%

NYSEARCA FLSA traded down $0.03 during trading hours on Friday, hitting $33.81. 1,074 shares of the company’s stock were exchanged, compared to its average volume of 7,702. The stock has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $32.98. Franklin FTSE Saudi Arabia ETF has a 1-year low of $30.88 and a 1-year high of $35.38. The firm has a market cap of $5.07 million, a price-to-earnings ratio of 15.61 and a beta of 0.27.

About Franklin FTSE Saudi Arabia ETF

The Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that is based on the FTSE Saudi Arabia RIC Capped index, a market-cap-weighted index of Saudi Arabian equities, excluding small-caps. FLSA was launched on Oct 9, 2018 and is managed by Franklin Templeton.