Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Growth in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 409,992 shares, a growth of 112.6% from the June 15th total of 192,809 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 957,530 shares, the days-to-cover ratio is presently 0.4 days.

Franklin FTSE Japan ETF Price Performance

Shares of Franklin FTSE Japan ETF stock traded down $0.67 on Thursday, hitting $39.28. 652,344 shares of the company’s stock traded hands, compared to its average volume of 1,291,269. The company has a fifty day moving average of $39.71 and a two-hundred day moving average of $38.02. Franklin FTSE Japan ETF has a one year low of $30.86 and a one year high of $41.53. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors and hedge funds have recently modified their holdings of FLJP. Blair William & Co. IL raised its stake in Franklin FTSE Japan ETF by 2.6% during the 4th quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock worth $344,000 after buying an additional 256 shares during the period. PNC Financial Services Group Inc. grew its stake in Franklin FTSE Japan ETF by 5.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock valued at $171,000 after acquiring an additional 266 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Franklin FTSE Japan ETF by 3.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares in the last quarter. Paces Ferry Wealth Advisors LLC increased its holdings in shares of Franklin FTSE Japan ETF by 2.8% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock valued at $412,000 after acquiring an additional 312 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in shares of Franklin FTSE Japan ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 41,435 shares of the company’s stock valued at $1,427,000 after acquiring an additional 343 shares in the last quarter.

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.