Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Decline in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,187,263 shares, a decrease of 34.9% from the August 15th total of 1,822,823 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 628,100 shares, the days-to-cover ratio is currently 1.9 days.

Franklin FTSE Japan ETF Stock Up 0.8%

Shares of FLJP stock traded up $0.34 on Thursday, reaching $41.67. The company’s stock had a trading volume of 350,710 shares, compared to its average volume of 1,163,751. The company has a market capitalization of $4.18 billion, a P/E ratio of 14.28 and a beta of 0.66. Franklin FTSE Japan ETF has a 12-month low of $33.64 and a 12-month high of $42.03. The stock’s 50 day simple moving average is $40.45 and its 200-day simple moving average is $39.07.

Institutional Trading of Franklin FTSE Japan ETF

A number of large investors have recently modified their holdings of FLJP. Bank of America Corp DE increased its position in shares of Franklin FTSE Japan ETF by 12.4% in the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Citadel Advisors LLC raised its stake in Franklin FTSE Japan ETF by 1,509.9% in the second quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock valued at $44,731,000 after purchasing an additional 1,055,408 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Franklin FTSE Japan ETF during the first quarter valued at approximately $23,938,000. Janney Montgomery Scott LLC lifted its position in Franklin FTSE Japan ETF by 345.8% during the first quarter. Janney Montgomery Scott LLC now owns 351,887 shares of the company’s stock valued at $12,731,000 after purchasing an additional 272,950 shares during the last quarter. Finally, Morningstar Investment Management LLC purchased a new position in Franklin FTSE Japan ETF in the 1st quarter worth approximately $11,886,000.

Franklin FTSE Japan ETF Company Profile

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.