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

Franklin FTSE India ETF (NYSEARCA:FLIN) saw strong trading volume on Friday . Approximately 3,259,622 shares were traded during trading, an increase of 256% from the previous session’s volume of 915,774 shares.The stock last traded at $34.63 and had previously closed at $34.20.

Franklin FTSE India ETF Trading Up 0.9%

The stock has a market cap of $2.68 billion, a PE ratio of 22.46 and a beta of 0.47. The firm’s 50-day moving average price is $34.92 and its two-hundred day moving average price is $35.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley grew its stake in Franklin FTSE India ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock worth $57,557,000 after buying an additional 35,311 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Franklin FTSE India ETF by 13.4% in the first quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock worth $28,166,000 after acquiring an additional 100,216 shares in the last quarter. 3EDGE Asset Management LP purchased a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth about $29,642,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE India ETF by 121.4% during the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after acquiring an additional 235,968 shares during the last quarter. Finally, Axis Capital Holdings Ltd. acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter valued at about $14,617,000.

Franklin FTSE India ETF Company Profile

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.