Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Short Interest Update

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 38,570 shares, a drop of 64.4% from the May 14th total of 108,233 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 23,746 shares, the days-to-cover ratio is currently 1.6 days.

Franklin FTSE Japan Hedged ETF Trading Up 0.8%

Shares of Franklin FTSE Japan Hedged ETF stock traded up $0.36 during mid-day trading on Friday, reaching $44.77. 16,146 shares of the stock were exchanged, compared to its average volume of 33,516. The company has a market cap of $152.22 million, a price-to-earnings ratio of 14.42 and a beta of 0.36. The firm has a 50-day simple moving average of $43.26 and a 200 day simple moving average of $41.14. Franklin FTSE Japan Hedged ETF has a fifty-two week low of $31.21 and a fifty-two week high of $45.74.

Institutional Investors Weigh In On Franklin FTSE Japan Hedged ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AIA Group Ltd increased its position in Franklin FTSE Japan Hedged ETF by 40.1% in the 3rd quarter. AIA Group Ltd now owns 177,398 shares of the company’s stock valued at $6,395,000 after acquiring an additional 50,780 shares in the last quarter. Flow Traders U.S. LLC increased its position in Franklin FTSE Japan Hedged ETF by 271.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 158,592 shares of the company’s stock valued at $5,717,000 after acquiring an additional 115,861 shares in the last quarter. Jane Street Group LLC acquired a new stake in Franklin FTSE Japan Hedged ETF in the 1st quarter valued at about $1,730,000. Citadel Advisors LLC increased its position in Franklin FTSE Japan Hedged ETF by 49.1% in the 3rd quarter. Citadel Advisors LLC now owns 42,311 shares of the company’s stock valued at $1,525,000 after acquiring an additional 13,928 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Franklin FTSE Japan Hedged ETF by 3,942.2% in the 4th quarter. Wells Fargo & Company MN now owns 13,703 shares of the company’s stock valued at $516,000 after acquiring an additional 13,364 shares in the last quarter.

About Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.