Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Decreases By 61.5%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 723,751 shares, a drop of 61.5% from the May 14th total of 1,877,826 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 856,936 shares, the days-to-cover ratio is presently 0.8 days.

Franklin FTSE Japan ETF Stock Performance

Shares of FLJP traded up $0.22 during midday trading on Friday, hitting $39.56. The company had a trading volume of 1,056,683 shares, compared to its average volume of 1,287,053. The company’s 50-day simple moving average is $38.58 and its 200-day simple moving average is $37.23. The firm has a market capitalization of $3.66 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 1 year low of $30.54 and a 1 year high of $40.22.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. boosted its stake in shares of Franklin FTSE Japan ETF by 475.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after buying an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at about $41,000. Flagship Harbor Advisors LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at about $59,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Franklin FTSE Japan ETF by 40.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after buying an additional 522 shares during the period.

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.