Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 212,779 shares, a decrease of 93.0% from the June 30th total of 3,037,463 shares. Based on an average daily trading volume, of 1,006,305 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Franklin FTSE India ETF Stock Up 0.9%

Franklin FTSE India ETF stock traded up $0.31 during mid-day trading on Friday, hitting $34.51. 3,560,303 shares of the company’s stock were exchanged, compared to its average volume of 918,018. The firm has a market capitalization of $2.68 billion, a P/E ratio of 22.46 and a beta of 0.47. Franklin FTSE India ETF has a fifty-two week low of $32.20 and a fifty-two week high of $39.85. The company’s 50 day simple moving average is $34.92 and its 200-day simple moving average is $35.64.

Institutional Investors Weigh In On Franklin FTSE India ETF

Several large investors have recently modified their holdings of FLIN. Morgan Stanley lifted its holdings in shares of Franklin FTSE India ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock valued at $57,557,000 after purchasing an additional 35,311 shares in the last quarter. OLD National Bancorp IN increased its stake in Franklin FTSE India ETF by 13.4% during the 1st quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock worth $28,166,000 after purchasing an additional 100,216 shares in the last quarter. 3EDGE Asset Management LP acquired a new stake in Franklin FTSE India ETF during the 4th quarter worth approximately $29,642,000. Bank of America Corp DE raised its holdings in Franklin FTSE India ETF by 121.4% during the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after buying an additional 235,968 shares during the period. Finally, Axis Capital Holdings Ltd. bought a new position in Franklin FTSE India ETF in the fourth quarter valued at approximately $14,617,000.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.