Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Down 91.7% in August

Franklin FTSE China ETF (NYSEARCA:FLCH) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 132,352 shares, a decline of 91.7% from the July 30th total of 1,597,929 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 48,407 shares, the short-interest ratio is presently 2.7 days.

Franklin FTSE China ETF Price Performance

FLCH stock traded down $0.01 during midday trading on Thursday, reaching $21.77. 91,430 shares of the company’s stock traded hands, compared to its average volume of 131,168. Franklin FTSE China ETF has a fifty-two week low of $20.01 and a fifty-two week high of $26.51. The business has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $22.41. The company has a market capitalization of $300.43 million, a P/E ratio of 12.83 and a beta of 0.35.

Institutional Investors Weigh In On Franklin FTSE China ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLCH. Assetmark Inc. grew its stake in shares of Franklin FTSE China ETF by 15.5% during the first quarter. Assetmark Inc. now owns 1,184,658 shares of the company’s stock valued at $26,524,000 after acquiring an additional 159,370 shares in the last quarter. Cetera Investment Advisers increased its holdings in Franklin FTSE China ETF by 51.7% during the 1st quarter. Cetera Investment Advisers now owns 352,175 shares of the company’s stock worth $7,885,000 after purchasing an additional 120,062 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Franklin FTSE China ETF in the 4th quarter valued at approximately $6,908,000. NewEdge Advisors LLC raised its position in shares of Franklin FTSE China ETF by 6.3% in the 2nd quarter. NewEdge Advisors LLC now owns 223,485 shares of the company’s stock valued at $4,851,000 after purchasing an additional 13,166 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in shares of Franklin FTSE China ETF during the 4th quarter valued at approximately $4,716,000.

Franklin FTSE China ETF Company Profile

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