Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Volume Increase – Here’s What Happened

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw strong trading volume on Monday . 3,529,177 shares were traded during trading, an increase of 323% from the previous session’s volume of 833,808 shares.The stock last traded at $35.96 and had previously closed at $35.47.

Franklin FTSE India ETF Stock Up 0.8%

The stock has a market cap of $2.58 billion, a PE ratio of 22.46 and a beta of 0.47. The stock has a fifty day moving average of $34.97 and a 200-day moving average of $36.14.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several institutional investors have recently bought and sold shares of the company. 3EDGE Asset Management LP purchased a new position in shares of Franklin FTSE India ETF during the 4th quarter worth approximately $29,642,000. Axis Capital Holdings Ltd. purchased a new position in Franklin FTSE India ETF during the fourth quarter worth $14,617,000. Susquehanna International Group LLP purchased a new stake in shares of Franklin FTSE India ETF in the third quarter valued at $10,489,000. Goldman Sachs Group Inc. acquired a new position in Franklin FTSE India ETF in the 1st quarter valued at about $9,348,000. Finally, Bank of America Corp DE lifted its holdings in Franklin FTSE India ETF by 121.4% in the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares in the last quarter.

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.