Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Sees Significant Increase in Short Interest

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 17,800 shares, an increase of 1,877.8% from the August 31st total of 900 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Family Investment Center Inc. increased its holdings in shares of Franklin FTSE Japan Hedged ETF by 746.6% in the 1st quarter. Family Investment Center Inc. now owns 317,272 shares of the company’s stock valued at $9,772,000 after acquiring an additional 279,798 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Franklin FTSE Japan Hedged ETF by 172.2% in the 1st quarter. LPL Financial LLC now owns 96,248 shares of the company’s stock valued at $2,964,000 after acquiring an additional 60,891 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Franklin FTSE Japan Hedged ETF in the 1st quarter valued at about $1,730,000. Flow Traders U.S. LLC purchased a new position in shares of Franklin FTSE Japan Hedged ETF in the 2nd quarter valued at about $1,378,000. Finally, Bank of America Corp DE increased its holdings in shares of Franklin FTSE Japan Hedged ETF by 20.5% in the 4th quarter. Bank of America Corp DE now owns 11,146 shares of the company’s stock valued at $349,000 after acquiring an additional 1,898 shares during the last quarter.

Franklin FTSE Japan Hedged ETF Price Performance

Shares of NYSEARCA FLJH opened at $35.80 on Thursday. The stock’s 50-day moving average is $35.19 and its two-hundred day moving average is $32.55. Franklin FTSE Japan Hedged ETF has a 1-year low of $26.01 and a 1-year high of $36.75. The company has a market cap of $96.66 million, a price-to-earnings ratio of 14.42 and a beta of 0.62.

Franklin FTSE Japan Hedged ETF Company Profile

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.