Short Interest in Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Drops By 19.2%

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 21,762 shares, a decrease of 19.2% from the February 26th total of 26,945 shares. Based on an average daily volume of 62,686 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin FTSE Japan Hedged ETF

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Franklin FTSE Japan Hedged ETF by 80.5% during the 4th quarter. Royal Bank of Canada now owns 4,468 shares of the company’s stock worth $168,000 after buying an additional 1,993 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter worth approximately $32,000. Wells Fargo & Company MN grew its position in shares of Franklin FTSE Japan Hedged ETF by 3,942.2% in the fourth quarter. Wells Fargo & Company MN now owns 13,703 shares of the company’s stock valued at $516,000 after purchasing an additional 13,364 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter worth approximately $33,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter worth approximately $305,000.

Franklin FTSE Japan Hedged ETF Trading Up 0.7%

Shares of FLJH traded up $0.28 during midday trading on Monday, reaching $39.43. The stock had a trading volume of 6,840 shares, compared to its average volume of 40,983. The firm has a 50 day simple moving average of $40.85 and a 200-day simple moving average of $39.12. The firm has a market cap of $122.23 million, a PE ratio of 14.42 and a beta of 0.37. Franklin FTSE Japan Hedged ETF has a one year low of $26.01 and a one year high of $43.35.

About Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.