Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Significant Growth in Short Interest

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 261,850 shares, a growth of 613.0% from the August 31st total of 36,725 shares. Based on an average daily volume of 208,827 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLIN. IAG Wealth Partners LLC grew its holdings in Franklin FTSE India ETF by 51.1% in the fourth quarter. IAG Wealth Partners LLC now owns 1,700 shares of the company’s stock valued at $66,000 after purchasing an additional 575 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Franklin FTSE India ETF in the 2nd quarter valued at $108,000. Advisory Solutions Group LLC acquired a new position in shares of Franklin FTSE India ETF in the 2nd quarter valued at $229,000. Boltwood Capital Management purchased a new stake in shares of Franklin FTSE India ETF during the 2nd quarter valued at $260,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Franklin FTSE India ETF by 8.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,039 shares of the company’s stock valued at $267,000 after buying an additional 631 shares during the period.

Franklin FTSE India ETF Stock Up 0.5%

Shares of NYSEARCA:FLIN traded up $0.17 during midday trading on Friday, reaching $34.41. The company’s stock had a trading volume of 171,692 shares, compared to its average volume of 749,452. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46. The business has a 50 day moving average price of $35.36 and a 200 day moving average price of $34.99. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.85.

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.