Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Increase in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 409,992 shares, a growth of 112.6% from the June 15th total of 192,809 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 957,530 shares, the short-interest ratio is currently 0.4 days.

Franklin FTSE Japan ETF Stock Performance

NYSEARCA FLJP opened at $39.28 on Friday. The stock has a 50-day simple moving average of $39.71 and a 200 day simple moving average of $38.02. Franklin FTSE Japan ETF has a twelve month low of $30.86 and a twelve month high of $41.53. The stock has a market capitalization of $3.87 billion, a PE ratio of 14.28 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLJP. Blair William & Co. IL boosted its position in shares of Franklin FTSE Japan ETF by 2.6% in the fourth quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock valued at $344,000 after acquiring an additional 256 shares during the period. PNC Financial Services Group Inc. increased its position in Franklin FTSE Japan ETF by 5.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after acquiring an additional 266 shares during the period. Wilmington Savings Fund Society FSB raised its stake in Franklin FTSE Japan ETF by 3.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares during the last quarter. Paces Ferry Wealth Advisors LLC raised its stake in Franklin FTSE Japan ETF by 2.8% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock valued at $412,000 after purchasing an additional 312 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in Franklin FTSE Japan ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 41,435 shares of the company’s stock valued at $1,427,000 after purchasing an additional 343 shares during the period.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.