Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Expands By 283.4%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 105,455 shares, a growth of 283.4% from the May 31st total of 27,503 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,057 shares, the short-interest ratio is currently 2.1 days.

Franklin FTSE Canada ETF Price Performance

NYSEARCA FLCA traded down $0.26 during trading on Friday, reaching $51.58. The company’s stock had a trading volume of 270,831 shares, compared to its average volume of 75,565. The stock has a market capitalization of $737.59 million, a PE ratio of 19.67 and a beta of 0.84. The firm has a fifty day moving average of $52.04 and a 200 day moving average of $50.38. Franklin FTSE Canada ETF has a one year low of $41.04 and a one year high of $53.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in Franklin FTSE Canada ETF in the third quarter valued at $37,000. Comerica Bank boosted its stake in Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after buying an additional 763 shares in the last quarter. Blue Trust Inc. boosted its stake in Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after buying an additional 756 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $56,000 after acquiring an additional 610 shares during the last quarter. Finally, Bayban bought a new position in Franklin FTSE Canada ETF during the fourth quarter valued at approximately $70,000.

Franklin FTSE Canada ETF Company Profile

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.