Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Up 1,325.1% in February

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 467,629 shares, a growth of 1,325.1% from the January 29th total of 32,813 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 56,473 shares, the short-interest ratio is presently 8.3 days. Based on an average daily trading volume, of 56,473 shares, the short-interest ratio is presently 8.3 days. Currently, 3.7% of the shares of the stock are short sold.

Franklin FTSE Canada ETF Stock Performance

Shares of FLCA stock opened at $51.39 on Thursday. The stock has a fifty day simple moving average of $49.41 and a two-hundred day simple moving average of $46.68. The firm has a market capitalization of $644.94 million, a PE ratio of 19.67 and a beta of 0.93. Franklin FTSE Canada ETF has a 52-week low of $33.59 and a 52-week high of $51.64.

Institutional Trading of Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLCA. Bank of America Corp DE boosted its stake in Franklin FTSE Canada ETF by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after purchasing an additional 51,324 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Franklin FTSE Canada ETF by 2.3% during the fourth 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 last quarter. Nottingham Advisors Inc. boosted its position in shares of Franklin FTSE Canada ETF by 3.0% during 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 during the last quarter. Royal Bank of Canada grew its stake in Franklin FTSE Canada ETF by 520.4% during the fourth quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after acquiring an additional 228,769 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in Franklin FTSE Canada ETF by 0.3% in the 3rd quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock valued at $5,489,000 after acquiring an additional 320 shares during the last quarter.

Franklin FTSE Canada ETF Company Profile

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.