Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Decline in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,187,263 shares, a decrease of 34.9% from the August 15th total of 1,822,823 shares. Based on an average trading volume of 628,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Franklin FTSE Japan ETF during the fourth quarter worth about $25,000. Continuum Advisory LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 2nd quarter worth approximately $63,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Franklin FTSE Japan ETF during the 2nd quarter worth approximately $143,000. Bayban bought a new stake in shares of Franklin FTSE Japan ETF during the fourth quarter valued at approximately $143,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Franklin FTSE Japan ETF by 5.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock valued at $171,000 after purchasing an additional 266 shares in the last quarter.

Franklin FTSE Japan ETF Trading Down 1.0%

Shares of Franklin FTSE Japan ETF stock opened at $41.24 on Friday. Franklin FTSE Japan ETF has a 1 year low of $33.64 and a 1 year high of $42.03. The company’s fifty day simple moving average is $40.50 and its 200-day simple moving average is $39.10. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66.

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.