Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Expands By 283.4%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 105,455 shares, an increase of 283.4% from the May 31st total of 27,503 shares. Based on an average daily trading volume, of 51,057 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sage Advisory Services Ltd.Co. purchased a new stake in Franklin FTSE Canada ETF in the fourth quarter worth approximately $1,955,000. Aureum Wealth Management LLC bought a new position in shares of Franklin FTSE Canada ETF during the 4th quarter valued at $2,039,000. ES4 LLC bought a new position in shares of Franklin FTSE Canada ETF during the 4th quarter valued at $4,588,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Franklin FTSE Canada ETF in the 4th quarter worth $628,000. Finally, Csenge Advisory Group boosted its stake in shares of Franklin FTSE Canada ETF by 158.4% in the 4th quarter. Csenge Advisory Group now owns 32,188 shares of the company’s stock worth $1,555,000 after buying an additional 19,729 shares during the last quarter.

Franklin FTSE Canada ETF Stock Down 0.3%

FLCA traded down $0.17 during midday trading on Monday, hitting $51.41. 15,548 shares of the company traded hands, compared to its average volume of 75,058. The firm has a market capitalization of $735.16 million, a PE ratio of 19.67 and a beta of 0.84. The company’s 50-day moving average is $52.04 and its 200 day moving average is $50.40. Franklin FTSE Canada ETF has a 52 week low of $41.15 and a 52 week high of $53.26.

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.