Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Decreases By 73.4%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 192,809 shares, a decline of 73.4% from the May 31st total of 723,751 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,187,022 shares, the days-to-cover ratio is currently 0.2 days.

Franklin FTSE Japan ETF Price Performance

Shares of NYSEARCA FLJP opened at $39.63 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a one year low of $30.77 and a one year high of $41.53. The business’s fifty day moving average price is $39.15 and its 200-day moving average price is $37.56.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Franklin FTSE Japan ETF in the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. raised its stake in shares of 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 purchasing an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Franklin FTSE Japan ETF during the fourth quarter valued at about $41,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth about $59,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after buying an additional 522 shares in the last quarter.

Franklin FTSE Japan ETF Company Profile

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.