Franklin FTSE Japan ETF (NYSEARCA:FLJP) Stock Short Interest Falls 48.1%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 380,396 shares, a drop of 48.1% from the September 30th total of 732,648 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,097,038 shares, the days-to-cover ratio is currently 0.3 days.

Franklin FTSE Japan ETF Stock Down 2.0%

Shares of Franklin FTSE Japan ETF stock traded down $0.79 during trading on Friday, reaching $39.59. 813,752 shares of the company were exchanged, compared to its average volume of 1,142,890. Franklin FTSE Japan ETF has a twelve month low of $34.07 and a twelve month high of $42.42. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 14.28 and a beta of 0.68. The business has a 50-day moving average price of $41.09 and a 200-day moving average price of $39.17.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Several large investors have recently bought and sold shares of FLJP. IFP Advisors Inc grew its stake in Franklin FTSE Japan ETF by 2.1% in the second quarter. IFP Advisors Inc now owns 13,605 shares of the company’s stock valued at $541,000 after acquiring an additional 281 shares during the period. Paces Ferry Wealth Advisors LLC increased its holdings in shares of Franklin FTSE Japan ETF by 2.8% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock worth $412,000 after acquiring an additional 312 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Franklin FTSE Japan ETF by 4.8% during the first quarter. Arkadios Wealth Advisors now owns 7,880 shares of the company’s stock worth $285,000 after purchasing an additional 364 shares during the period. Mittelman Wealth Management raised its position in shares of Franklin FTSE Japan ETF by 0.4% during the first quarter. Mittelman Wealth Management now owns 102,476 shares of the company’s stock worth $3,708,000 after purchasing an additional 368 shares during the period. Finally, Arta Finance Wealth Management LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 8.2% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 8,408 shares of the company’s stock valued at $348,000 after purchasing an additional 637 shares in the last quarter.

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.