Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Update

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 27,503 shares, a decline of 47.1% from the May 14th total of 51,989 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 40,599 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Franklin FTSE Canada ETF

A number of institutional investors and hedge funds have recently modified their holdings of FLCA. Northwestern Mutual Wealth Management Co. increased its stake in shares of Franklin FTSE Canada ETF by 84.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Franklin FTSE Canada ETF by 51.6% during the second quarter. Raymond James Financial Inc. now owns 8,298 shares of the company’s stock worth $346,000 after purchasing an additional 2,825 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Franklin FTSE Canada ETF by 1.2% during the second quarter. Bank of America Corp DE now owns 3,455,418 shares of the company’s stock worth $144,264,000 after purchasing an additional 39,684 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Franklin FTSE Canada ETF during the second quarter worth about $103,000. Finally, Corient Private Wealth LLC acquired a new position in Franklin FTSE Canada ETF during the second quarter worth about $225,000.

Franklin FTSE Canada ETF Stock Performance

Shares of FLCA stock traded up $0.39 on Monday, reaching $52.92. 46,876 shares of the company were exchanged, compared to its average volume of 75,445. The company has a market cap of $756.76 million, a price-to-earnings ratio of 19.67 and a beta of 0.84. The business has a 50-day moving average price of $51.80 and a 200 day moving average price of $50.09. Franklin FTSE Canada ETF has a 1 year low of $40.64 and a 1 year high of $53.21.

About Franklin FTSE Canada ETF

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