Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Update

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 43,856 shares, a growth of 47.9% from the July 30th total of 29,662 shares. Based on an average daily volume of 14,759 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.7% of the shares of the stock are sold short.

Institutional Trading of Franklin FTSE Asia ex Japan ETF

Institutional investors have recently made changes to their positions in the company. Corient Private Wealth LP increased its position in Franklin FTSE Asia ex Japan ETF by 6.1% during the second quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock worth $948,000 after purchasing an additional 1,473 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 2nd quarter worth $813,000. Balefire LLC acquired a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 1st quarter worth about $210,000. Retirement Planning Group LLC raised its stake in Franklin FTSE Asia ex Japan ETF by 8.0% during the 1st quarter. Retirement Planning Group LLC now owns 8,408 shares of the company’s stock worth $257,000 after acquiring an additional 620 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Franklin FTSE Asia ex Japan ETF by 44.1% during the fourth quarter. Royal Bank of Canada now owns 30,168 shares of the company’s stock worth $894,000 after acquiring an additional 9,228 shares during the last quarter.

Franklin FTSE Asia ex Japan ETF Price Performance

Shares of NYSEARCA:FLAX traded up $0.14 on Wednesday, hitting $36.62. 169 shares of the company’s stock were exchanged, compared to its average volume of 9,269. The stock has a market capitalization of $58.59 million, a price-to-earnings ratio of 14.98 and a beta of 0.70. Franklin FTSE Asia ex Japan ETF has a 12 month low of $26.99 and a 12 month high of $39.20. The business’s 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $34.69.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.