Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 253,190 shares, a drop of 35.8% from the July 30th total of 394,257 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 205,542 shares, the days-to-cover ratio is currently 1.2 days.
Franklin FTSE India ETF Stock Up 0.7%
Shares of FLIN traded up $0.25 during midday trading on Wednesday, hitting $35.81. The company had a trading volume of 57,115 shares, compared to its average volume of 804,126. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47. Franklin FTSE India ETF has a 52 week low of $32.20 and a 52 week high of $39.85. The company’s 50 day moving average price is $35.51 and its 200 day moving average price is $35.25.
Hedge Funds Weigh In On Franklin FTSE India ETF
Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE India ETF in the first quarter valued at about $9,348,000. Jane Street Group LLC boosted its stake in shares of Franklin FTSE India ETF by 46.2% during the 1st quarter. Jane Street Group LLC now owns 89,994 shares of the company’s stock worth $3,315,000 after acquiring an additional 28,453 shares during the period. Bank of Nova Scotia bought a new stake in Franklin FTSE India ETF in the 2nd quarter valued at about $1,610,000. Bank of America Corp DE boosted its stake in Franklin FTSE India ETF by 115.0% in the second quarter. Bank of America Corp DE now owns 284,146 shares of the company’s stock valued at $11,318,000 after buying an additional 151,964 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Franklin FTSE India ETF by 27.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 17,860 shares of the company’s stock valued at $711,000 after acquiring an additional 3,855 shares during the last quarter.
Franklin FTSE India ETF Company Profile
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.
Further Reading
- Five stocks we like better than Franklin FTSE India ETF
- From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
- The Pentagon’s Grok Rollout Puts These 3 Stocks in Focus
- Copper Surges as Shifting Trade Policy and AI Demand Collide
- Ulta Beauty’s Earnings Beat Was Stronger Than the Stock’s Reaction
Receive News & Ratings for Franklin FTSE India ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin FTSE India ETF and related companies with MarketBeat.com's FREE daily email newsletter.
