Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Growth in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 643,997 shares, an increase of 371.1% from the June 30th total of 136,712 shares. Based on an average trading volume of 779,994 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.8% of the company’s stock are short sold.

Franklin FTSE South Korea ETF Stock Performance

Shares of Franklin FTSE South Korea ETF stock traded down $1.14 during trading hours on Monday, reaching $52.43. The company’s stock had a trading volume of 127,819 shares, compared to its average volume of 635,251. The company has a market capitalization of $1.23 billion, a P/E ratio of 10.49 and a beta of 1.46. The stock’s fifty day simple moving average is $61.68 and its two-hundred day simple moving average is $50.28. Franklin FTSE South Korea ETF has a one year low of $23.88 and a one year high of $72.49.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in Franklin FTSE South Korea ETF by 121.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after acquiring an additional 674 shares during the period. Fiduciary Financial Group LLC bought a new stake in Franklin FTSE South Korea ETF in the fourth quarter worth about $204,000. Greenline Partners LLC purchased a new position in Franklin FTSE South Korea ETF in the third quarter valued at about $208,000. Summit Financial LLC bought a new position in shares of Franklin FTSE South Korea ETF during the 4th quarter valued at approximately $217,000. Finally, MRA Advisory Group bought a new position in shares of Franklin FTSE South Korea ETF during the 2nd quarter valued at approximately $272,000.

Franklin FTSE South Korea ETF Company Profile

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