Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,822,823 shares, an increase of 1,021.6% from the July 30th total of 162,514 shares. Based on an average daily trading volume, of 819,451 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.8% of the shares of the company are sold short.
Franklin FTSE Japan ETF Trading Up 0.8%
FLJP stock traded up $0.31 during trading hours on Tuesday, hitting $40.79. 1,571,679 shares of the stock were exchanged, compared to its average volume of 1,210,554. The firm has a market capitalization of $4.04 billion, a P/E ratio of 14.28 and a beta of 0.66. The company has a 50-day simple moving average of $40.08 and a two-hundred day simple moving average of $38.84. Franklin FTSE Japan ETF has a 12 month low of $33.42 and a 12 month high of $42.03.
Hedge Funds Weigh In On Franklin FTSE Japan ETF
A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in 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 worth $495,537,000 after buying an additional 1,515,922 shares in the last quarter. Principal Financial Group Inc. bought a new position in Franklin FTSE Japan ETF during the 1st quarter worth $23,938,000. Morningstar Investment Management LLC acquired a new position in Franklin FTSE Japan ETF in the 1st quarter valued at $11,886,000. Quadrature Capital Ltd acquired a new position in Franklin FTSE Japan ETF in the 4th quarter valued at $11,306,000. Finally, UBS Group AG lifted its position in Franklin FTSE Japan ETF by 156.2% during the fourth quarter. UBS Group AG now owns 530,644 shares of the company’s stock worth $18,281,000 after purchasing an additional 323,509 shares during the period.
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.
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