Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Monday . 3,529,177 shares were traded during trading, an increase of 323% from the previous session’s volume of 833,808 shares.The stock last traded at $35.96 and had previously closed at $35.47.

Franklin FTSE India ETF Price Performance

The stock has a 50 day moving average price of $34.95 and a two-hundred day moving average price of $36.18. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of institutional investors have recently modified their holdings of FLIN. Advocate Investing Services LLC acquired a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth $26,000. Ankerstar Wealth LLC bought a new stake in shares of Franklin FTSE India ETF in the fourth quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in Franklin FTSE India ETF in the 4th quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Franklin FTSE India ETF in the fourth quarter worth $36,000.

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.