Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 162,931 shares, a decrease of 62.8% from the December 31st total of 437,399 shares. Based on an average daily trading volume, of 564,461 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 564,461 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Franklin FTSE Japan ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in Franklin FTSE Japan ETF by 26.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,607 shares of the company’s stock valued at $820,000 after purchasing an additional 5,431 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Franklin FTSE Japan ETF in the 2nd quarter valued at about $637,000. Spectrum Asset Management Inc. NB CA bought a new position in shares of Franklin FTSE Japan ETF in the 2nd quarter worth $1,872,000. Clear Creek Financial Management LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 2nd quarter worth about $1,331,000. Finally, IFP Advisors Inc lifted its position in Franklin FTSE Japan ETF by 60.9% in the 2nd quarter. IFP Advisors Inc now owns 9,722 shares of the company’s stock worth $313,000 after buying an additional 3,678 shares during the last quarter.
Franklin FTSE Japan ETF Stock Up 1.4%
Shares of NYSEARCA FLJP opened at $36.67 on Wednesday. The firm has a market cap of $2.71 billion, a PE ratio of 14.28 and a beta of 0.65. The company’s fifty day simple moving average is $35.51 and its 200 day simple moving average is $34.67. Franklin FTSE Japan ETF has a 12-month low of $25.77 and a 12-month high of $36.73.
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.
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