Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Update

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 36,102 shares, a drop of 37.3% from the April 30th total of 57,548 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 14,237 shares, the days-to-cover ratio is presently 2.5 days.

Franklin FTSE Asia ex Japan ETF Stock Performance

Shares of FLAX opened at $37.69 on Thursday. The company has a market capitalization of $52.77 million, a PE ratio of 14.98 and a beta of 0.67. The company’s 50 day moving average price is $34.25 and its 200 day moving average price is $32.12. Franklin FTSE Asia ex Japan ETF has a 52 week low of $25.03 and a 52 week high of $38.83.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Csenge Advisory Group purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF during the fourth quarter worth $7,259,000. Susquehanna International Group LLP purchased a new position in Franklin FTSE Asia ex Japan ETF in the third quarter valued at about $681,000. Jane Street Group LLC increased its position in Franklin FTSE Asia ex Japan ETF by 50.6% in the 2nd quarter. Jane Street Group LLC now owns 61,897 shares of the company’s stock worth $1,609,000 after purchasing an additional 20,806 shares during the last quarter. Corient Private Wealth LLC increased its position in Franklin FTSE Asia ex Japan ETF by 70.1% in the 2nd quarter. Corient Private Wealth LLC now owns 39,673 shares of the company’s stock worth $1,032,000 after purchasing an additional 16,350 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Franklin FTSE Asia ex Japan ETF by 44.1% during the 4th quarter. Royal Bank of Canada now owns 30,168 shares of the company’s stock worth $894,000 after purchasing an additional 9,228 shares in the last quarter.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.