Franklin FTSE Canada ETF (NYSEARCA:FLCA) Stock Short Interest Report for October

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 45,685 shares, a drop of 52.5% from the September 30th total of 96,124 shares. Based on an average trading volume of 33,738 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s stock are short sold.

Franklin FTSE Canada ETF Trading Down 1.3%

FLCA stock traded down $0.72 during trading on Friday, hitting $54.17. 23,208 shares of the company’s stock were exchanged, compared to its average volume of 63,269. The business has a 50-day moving average price of $53.98 and a two-hundred day moving average price of $52.05. The stock has a market capitalization of $855.89 million, a price-to-earnings ratio of 19.67 and a beta of 0.86. Franklin FTSE Canada ETF has a 52-week low of $44.17 and a 52-week high of $55.96.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several hedge funds have recently added to or reduced their stakes in FLCA. Bank of America Corp DE raised its holdings in Franklin FTSE Canada ETF by 20.4% during the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after purchasing an additional 720,745 shares in the last quarter. Innealta Capital LLC boosted its holdings in shares of Franklin FTSE Canada ETF by 3.8% in the 1st quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after buying an additional 2,769 shares in the last quarter. Aureum Wealth Management LLC boosted its holdings in shares of Franklin FTSE Canada ETF by 2.7% in the 2nd quarter. Aureum Wealth Management LLC now owns 55,037 shares of the company’s stock valued at $2,833,000 after buying an additional 1,467 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Franklin FTSE Canada ETF in the 1st quarter valued at $231,000. Finally, Boltwood Capital Management purchased a new position in shares of Franklin FTSE Canada ETF in the 2nd quarter valued at $208,000.

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.