Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Declines By 38.6%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 251,574 shares, a decline of 38.6% from the June 30th total of 409,992 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,686,850 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Matrix Trust Co bought a new position in Franklin FTSE Japan ETF in the 2nd quarter valued at about $950,000. Trilogy Capital Inc. lifted its stake in shares of Franklin FTSE Japan ETF by 5.9% in the 2nd quarter. Trilogy Capital Inc. now owns 202,414 shares of the company’s stock worth $8,046,000 after acquiring an additional 11,209 shares during the period. Western Wealth Management LLC bought a new position in shares of Franklin FTSE Japan ETF in the first quarter valued at approximately $379,000. Essential Partners LLC boosted its holdings in shares of Franklin FTSE Japan ETF by 22.8% in the first quarter. Essential Partners LLC now owns 9,287 shares of the company’s stock valued at $336,000 after acquiring an additional 1,724 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after acquiring an additional 1,515,922 shares during the period.

Franklin FTSE Japan ETF Stock Down 1.0%

FLJP stock traded down $0.39 during trading on Friday, reaching $39.38. 778,215 shares of the company’s stock were exchanged, compared to its average volume of 1,258,926. Franklin FTSE Japan ETF has a 1-year low of $31.59 and a 1-year high of $41.53. The company’s fifty day moving average price is $39.65 and its 200-day moving average price is $38.29. The firm has a market cap of $3.90 billion, a PE ratio of 14.28 and a beta of 0.65.

About Franklin FTSE Japan ETF

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.