Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) Sees Large Decrease in Short Interest

Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 843 shares, a decrease of 57.9% from the May 14th total of 2,002 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,511 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Franklin FTSE Saudi Arabia ETF stock. Jane Street Group LLC bought a new position in shares of Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,301 shares of the company’s stock, valued at approximately $240,000. Jane Street Group LLC owned about 1.33% of Franklin FTSE Saudi Arabia ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Franklin FTSE Saudi Arabia ETF Price Performance

Franklin FTSE Saudi Arabia ETF stock opened at $33.84 on Friday. Franklin FTSE Saudi Arabia ETF has a 12-month low of $30.88 and a 12-month high of $35.38. The stock has a market capitalization of $5.08 million, a P/E ratio of 15.61 and a beta of 0.27. The firm’s 50-day moving average is $33.64 and its two-hundred day moving average is $32.97.

About Franklin FTSE Saudi Arabia ETF

The Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that is based on the FTSE Saudi Arabia RIC Capped index, a market-cap-weighted index of Saudi Arabian equities, excluding small-caps. FLSA was launched on Oct 9, 2018 and is managed by Franklin Templeton.