Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Decrease in Short Interest

Franklin FTSE India ETF (NYSEARCA:FLIN) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 158,504 shares, a decline of 49.0% from the September 30th total of 310,666 shares. Based on an average daily volume of 314,820 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin FTSE India ETF

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Franklin FTSE India ETF during the 2nd quarter valued at about $108,000. Advisory Solutions Group LLC acquired a new position in Franklin FTSE India ETF in the 2nd quarter worth about $229,000. Boltwood Capital Management acquired a new position in Franklin FTSE India ETF in the 2nd quarter worth about $260,000. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE India ETF by 8.5% during the first quarter. EverSource Wealth Advisors LLC now owns 8,039 shares of the company’s stock worth $267,000 after purchasing an additional 631 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Franklin FTSE India ETF by 67.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,700 shares of the company’s stock worth $289,000 after purchasing an additional 3,500 shares in the last quarter.

Franklin FTSE India ETF Price Performance

FLIN stock traded up $0.57 during midday trading on Monday, hitting $34.62. 170,069 shares of the stock traded hands, compared to its average volume of 692,420. The firm has a market cap of $2.58 billion, a P/E ratio of 22.46 and a beta of 0.48. The stock’s fifty day simple moving average is $34.36 and its 200-day simple moving average is $35.25. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.43.

Franklin FTSE India ETF Company Profile

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.