Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Increase in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 161,909 shares, an increase of 41.3% from the November 30th total of 114,593 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 25,292 shares, the days-to-cover ratio is presently 6.4 days. Based on an average trading volume of 25,292 shares, the days-to-cover ratio is presently 6.4 days. Approximately 1.4% of the shares of the company are sold short.

Franklin FTSE Canada ETF Stock Performance

Shares of FLCA traded down $0.30 during mid-day trading on Monday, hitting $48.76. 28,184 shares of the company traded hands, compared to its average volume of 27,207. The stock has a market cap of $558.30 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The stock has a 50-day moving average price of $46.58 and a two-hundred day moving average price of $44.43. Franklin FTSE Canada ETF has a 1 year low of $33.59 and a 1 year high of $49.07.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of institutional investors and hedge funds have recently modified their holdings of FLCA. Northwestern Mutual Wealth Management Co. purchased a new stake in Franklin FTSE Canada ETF during the first quarter valued at $27,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Franklin FTSE Canada ETF during the 2nd quarter valued at about $233,000. Courier Capital LLC grew its stake in shares of Franklin FTSE Canada ETF by 2.5% during the 2nd quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,275 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Franklin FTSE Canada ETF during the 2nd quarter valued at about $5,034,000. Finally, Elm Partners Management LLC lifted its stake in shares of Franklin FTSE Canada ETF by 174.4% in the 2nd quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock worth $1,284,000 after purchasing an additional 19,548 shares during the period.

About Franklin FTSE Canada ETF

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.