Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Significant Decline in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 29,662 shares, a decline of 75.3% from the July 15th total of 119,986 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 8,137 shares, the short-interest ratio is currently 3.6 days.

Franklin FTSE Asia ex Japan ETF Stock Up 0.0%

Shares of FLAX stock traded up $0.01 on Friday, reaching $36.48. The company’s stock had a trading volume of 1,628 shares, compared to its average volume of 9,642. Franklin FTSE Asia ex Japan ETF has a 12-month low of $26.94 and a 12-month high of $39.20. The company has a market capitalization of $58.37 million, a P/E ratio of 14.98 and a beta of 0.70. The stock’s 50 day simple moving average is $36.01 and its 200-day simple moving average is $34.29.

Institutional Trading of Franklin FTSE Asia ex Japan ETF

Several institutional investors and hedge funds have recently modified their holdings of FLAX. Csenge Advisory Group purchased a new position in shares of Franklin FTSE Asia ex Japan ETF during the fourth quarter worth about $7,259,000. Susquehanna International Group LLP purchased a new stake in Franklin FTSE Asia ex Japan ETF in the third quarter valued at approximately $681,000. Jane Street Group LLC lifted its position in Franklin FTSE Asia ex Japan ETF by 50.6% during the second quarter. Jane Street Group LLC now owns 61,897 shares of the company’s stock valued at $1,609,000 after purchasing an additional 20,806 shares during the last quarter. Corient Private Wealth LLC lifted its position in Franklin FTSE Asia ex Japan ETF by 70.1% during the second quarter. Corient Private Wealth LLC now owns 39,673 shares of the company’s stock valued at $1,032,000 after purchasing an additional 16,350 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Franklin FTSE Asia ex Japan ETF by 44.1% in the 4th quarter. Royal Bank of Canada now owns 30,168 shares of the company’s stock worth $894,000 after buying an additional 9,228 shares in the last quarter.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.