Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Rises By 296.1%

Franklin FTSE Canada ETF (NYSEARCA:FLCAGet Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 385,049 shares, a growth of 296.1% from the August 15th total of 97,201 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 63,518 shares, the short-interest ratio is presently 6.1 days.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of institutional investors have recently added to or reduced their stakes in FLCA. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after purchasing an additional 610 shares during the period. Raymond James Financial Inc. lifted its position in shares of Franklin FTSE Canada ETF by 51.6% during the 2nd quarter. Raymond James Financial Inc. now owns 8,298 shares of the company’s stock worth $346,000 after buying an additional 2,825 shares during the period. Bank of America Corp DE lifted its position in shares of Franklin FTSE Canada ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 3,455,418 shares of the company’s stock worth $144,264,000 after buying an additional 39,684 shares during the period. EP Wealth Advisors LLC acquired a new stake in Franklin FTSE Canada ETF in the 2nd quarter valued at $103,000. Finally, Corient Private Wealth LLC acquired a new stake in Franklin FTSE Canada ETF in the 2nd quarter valued at $225,000.

Franklin FTSE Canada ETF Stock Performance

Shares of Franklin FTSE Canada ETF stock opened at $54.06 on Friday. The firm has a market cap of $821.71 million, a P/E ratio of 19.67 and a beta of 0.85. The firm’s 50-day simple moving average is $54.01 and its 200-day simple moving average is $52.17. Franklin FTSE Canada ETF has a twelve month low of $44.17 and a twelve month high of $55.96.

Franklin FTSE Canada ETF Company Profile

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The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.

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