Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Shares Shorted: Short Interest Up 75.9% in October

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 81,514 shares, a growth of 75.9% from the September 30th total of 46,354 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 7,902 shares, the short-interest ratio is currently 10.3 days.

Institutional Trading of Franklin FTSE Asia ex Japan ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLAX. TOP Private Wealth LLC. acquired a new position in Franklin FTSE Asia ex Japan ETF during the second quarter worth $813,000. Retirement Planning Group LLC acquired a new stake in Franklin FTSE Asia ex Japan ETF during the third quarter worth $394,000. Corient Private Wealth LP lifted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 6.1% in the 2nd quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock worth $948,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Balefire LLC purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF in the 1st quarter valued at $210,000.

Franklin FTSE Asia ex Japan ETF Stock Down 2.6%

Shares of FLAX traded down $0.89 during mid-day trading on Friday, reaching $33.41. The company had a trading volume of 15,906 shares, compared to its average volume of 9,802. Franklin FTSE Asia ex Japan ETF has a 52-week low of $28.56 and a 52-week high of $39.20. The stock has a 50 day moving average of $36.05 and a two-hundred day moving average of $34.65. The stock has a market capitalization of $66.82 million, a P/E ratio of 14.98 and a beta of 0.70.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.