Franklin FTSE Japan ETF (NYSEARCA:FLJP) Stock Short Interest Falls 48.1%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 380,396 shares, a drop of 48.1% from the September 30th total of 732,648 shares. Based on an average trading volume of 1,097,038 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arta Finance Wealth Management LLC increased its stake in Franklin FTSE Japan ETF by 8.2% in the third quarter. Arta Finance Wealth Management LLC now owns 8,408 shares of the company’s stock valued at $348,000 after acquiring an additional 637 shares during the period. United Asset Strategies Inc. raised its holdings in shares of Franklin FTSE Japan ETF by 30.4% in the 3rd quarter. United Asset Strategies Inc. now owns 11,298 shares of the company’s stock worth $468,000 after buying an additional 2,634 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its position in shares of Franklin FTSE Japan ETF by 77.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 28,737 shares of the company’s stock worth $1,190,000 after buying an additional 12,581 shares during the period. Sowell Financial Services LLC acquired a new stake in Franklin FTSE Japan ETF in the 3rd quarter valued at $487,000. Finally, Gibbs Wealth Management grew its position in Franklin FTSE Japan ETF by 134.7% in the third quarter. Gibbs Wealth Management now owns 22,743 shares of the company’s stock valued at $942,000 after acquiring an additional 13,053 shares during the period.

Franklin FTSE Japan ETF Stock Performance

Shares of NYSEARCA:FLJP traded down $0.79 during trading on Friday, hitting $39.59. 813,752 shares of the stock were exchanged, compared to its average volume of 1,142,890. Franklin FTSE Japan ETF has a 1-year low of $34.07 and a 1-year high of $42.42. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 14.28 and a beta of 0.68. The company’s fifty day simple moving average is $41.09 and its 200-day simple moving average is $39.17.

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.