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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 32,813 shares, an increase of 149.5% from the January 15th total of 13,151 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 55,237 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 55,237 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Franklin FTSE Canada ETF Price Performance

NYSEARCA FLCA traded up $0.79 during trading hours on Friday, reaching $50.19. 28,713 shares of the stock traded hands, compared to its average volume of 65,814. Franklin FTSE Canada ETF has a 1 year low of $33.59 and a 1 year high of $51.30. The stock has a 50 day simple moving average of $48.98 and a two-hundred day simple moving average of $46.17. The company has a market cap of $629.88 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLCA. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Canada ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after acquiring an additional 51,324 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Franklin FTSE Canada ETF by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after acquiring an additional 44,927 shares during the period. Nottingham Advisors Inc. increased its position in shares of Franklin FTSE Canada ETF by 3.0% in the third quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after acquiring an additional 8,462 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Franklin FTSE Canada ETF by 0.3% during the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after purchasing an additional 320 shares during the last quarter. Finally, Main Management ETF Advisors LLC raised its position in shares of Franklin FTSE Canada ETF by 9.2% during the 4th quarter. Main Management ETF Advisors LLC now owns 88,435 shares of the company’s stock worth $4,271,000 after buying an additional 7,435 shares in the last quarter.

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.