Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Shares Shorted: Short Interest Up 166.2% in October

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 868,675 shares, a growth of 166.2% from the September 30th total of 326,380 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 915,715 shares, the days-to-cover ratio is presently 0.9 days.

Franklin FTSE South Korea ETF Stock Down 5.2%

FLKR stock traded down $2.76 on Friday, reaching $50.42. 602,160 shares of the company’s stock were exchanged, compared to its average volume of 702,390. The stock has a fifty day moving average of $57.91 and a 200-day moving average of $52.87. Franklin FTSE South Korea ETF has a twelve month low of $29.06 and a twelve month high of $72.49. The firm has a market cap of $1.75 billion, a PE ratio of 10.49 and a beta of 1.51.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Institutional investors have recently made changes to their positions in the stock. Boltwood Capital Management lifted its stake in shares of Franklin FTSE South Korea ETF by 1.2% in the second quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock valued at $1,135,000 after purchasing an additional 200 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE South Korea ETF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after buying an additional 608 shares in the last quarter. Cohalo Advisory LLC purchased a new stake in Franklin FTSE South Korea ETF during the third quarter worth about $99,000. Marotta Asset Management grew its position in Franklin FTSE South Korea ETF by 3.8% during the third quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock worth $4,105,000 after buying an additional 2,498 shares during the period. Finally, MRA Advisory Group acquired a new position in Franklin FTSE South Korea ETF during the second quarter worth about $272,000.

About Franklin FTSE South Korea ETF

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