Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Down 93.0% in July

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 212,779 shares, a drop of 93.0% from the June 30th total of 3,037,463 shares. Based on an average daily trading volume, of 1,006,305 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Franklin FTSE India ETF Price Performance

NYSEARCA FLIN traded up $0.31 during trading on Friday, hitting $34.51. The company’s stock had a trading volume of 3,560,303 shares, compared to its average volume of 918,018. Franklin FTSE India ETF has a fifty-two week low of $32.20 and a fifty-two week high of $39.85. The company has a market cap of $2.68 billion, a PE ratio of 22.46 and a beta of 0.47. The business’s 50 day simple moving average is $34.92 and its 200-day simple moving average is $35.64.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently modified their holdings of FLIN. OLD National Bancorp IN grew its position in Franklin FTSE India ETF by 8.0% during the 4th quarter. OLD National Bancorp IN now owns 747,647 shares of the company’s stock worth $28,852,000 after purchasing an additional 55,523 shares during the last quarter. Axis Capital Holdings Ltd. acquired a new position in Franklin FTSE India ETF during the 4th quarter valued at approximately $14,617,000. 3EDGE Asset Management LP purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter worth $29,642,000. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Franklin FTSE India ETF by 82.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 34,666 shares of the company’s stock worth $1,338,000 after buying an additional 15,700 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Franklin FTSE India ETF by 30.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock worth $2,097,000 after buying an additional 14,499 shares during the period.

Franklin FTSE India ETF Company Profile

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.