Franklin FTSE China ETF (NYSEARCA:FLCH) Stock Short Interest Climbs 76.6%

Franklin FTSE China ETF (NYSEARCA:FLCH) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 746,927 shares, a growth of 76.6% from the September 15th total of 423,068 shares. Based on an average daily volume of 51,870 shares, the days-to-cover ratio is currently 14.4 days. Approximately 5.3% of the company’s shares are sold short.

Franklin FTSE China ETF Trading Up 0.1%

Franklin FTSE China ETF stock traded up $0.03 during midday trading on Thursday, hitting $20.36. 24,099 shares of the stock were exchanged, compared to its average volume of 123,757. The stock’s 50-day simple moving average is $21.28 and its 200 day simple moving average is $21.80. Franklin FTSE China ETF has a fifty-two week low of $20.01 and a fifty-two week high of $25.98. The stock has a market capitalization of $289.04 million, a price-to-earnings ratio of 12.83 and a beta of 0.34.

Institutional Trading of Franklin FTSE China ETF

Several hedge funds have recently made changes to their positions in FLCH. Greenwood Capital Associates LLC acquired a new position in Franklin FTSE China ETF in the first quarter valued at approximately $4,249,000. Assetmark Inc. grew its position in Franklin FTSE China ETF by 15.5% in the first quarter. Assetmark Inc. now owns 1,184,658 shares of the company’s stock worth $26,524,000 after acquiring an additional 159,370 shares during the period. Cetera Investment Advisers grew its position in Franklin FTSE China ETF by 51.7% in the first quarter. Cetera Investment Advisers now owns 352,175 shares of the company’s stock worth $7,885,000 after acquiring an additional 120,062 shares during the period. Boltwood Capital Management purchased a new position in Franklin FTSE China ETF in the third quarter worth approximately $1,107,000. Finally, Royal Bank of Canada increased its stake in Franklin FTSE China ETF by 242.3% during the first quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock worth $1,529,000 after acquiring an additional 48,336 shares during the last quarter.

Franklin FTSE China ETF Company Profile

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.