Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Decreases By 35.4%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 162,514 shares, a drop of 35.4% from the July 15th total of 251,574 shares. Based on an average trading volume of 847,260 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLJP. Blair William & Co. IL raised its position in shares of Franklin FTSE Japan ETF by 2.6% during the 4th quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock valued at $344,000 after buying an additional 256 shares during the period. PNC Financial Services Group Inc. grew its position in Franklin FTSE Japan ETF by 5.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after acquiring an additional 266 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Franklin FTSE Japan ETF by 3.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares during the last quarter. Paces Ferry Wealth Advisors LLC increased its stake in Franklin FTSE Japan ETF by 2.8% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock worth $412,000 after acquiring an additional 312 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in Franklin FTSE Japan ETF by 4.8% in the first quarter. Arkadios Wealth Advisors now owns 7,880 shares of the company’s stock valued at $285,000 after purchasing an additional 364 shares during the period.

Franklin FTSE Japan ETF Price Performance

NYSEARCA FLJP traded down $0.32 during trading hours on Wednesday, reaching $40.31. The company’s stock had a trading volume of 376,273 shares, compared to its average volume of 1,217,180. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66. Franklin FTSE Japan ETF has a 1-year low of $33.42 and a 1-year high of $42.03. The company’s 50-day moving average is $39.98 and its two-hundred day moving average is $38.72.

About Franklin FTSE Japan ETF

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.