Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Expands By 1,021.6%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,822,823 shares, an increase of 1,021.6% from the July 30th total of 162,514 shares. Based on an average daily trading volume, of 819,451 shares, the short-interest ratio is currently 2.2 days. Currently, 1.8% of the shares of the company are short sold.

Franklin FTSE Japan ETF Stock Up 0.8%

Shares of FLJP stock traded up $0.31 during trading on Tuesday, reaching $40.79. 1,571,679 shares of the company’s stock were exchanged, compared to its average volume of 1,210,554. The stock has a market capitalization of $4.04 billion, a PE ratio of 14.28 and a beta of 0.66. Franklin FTSE Japan ETF has a twelve month low of $33.42 and a twelve month high of $42.03. The firm’s fifty day moving average price is $40.08 and its 200-day moving average price is $38.84.

Institutional Trading of Franklin FTSE Japan ETF

A number of hedge funds have recently modified their holdings of FLJP. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Franklin FTSE Japan ETF in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. lifted its position in Franklin FTSE Japan ETF by 475.0% during the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after acquiring an additional 950 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Franklin FTSE Japan ETF by 40.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after acquiring an additional 522 shares during the period. Continuum Advisory LLC bought a new stake in shares of Franklin FTSE Japan ETF during the second quarter worth approximately $63,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Franklin FTSE Japan ETF by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock valued at $93,000 after purchasing an additional 653 shares during the last quarter.

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.