Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Shares Shorted: Short Interest Down 92.0% in October

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 6,518 shares, a drop of 92.0% from the October 15th total of 81,514 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 27,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Balefire LLC bought a new position in shares of Franklin FTSE Asia ex Japan ETF in the first quarter valued at $210,000. Retirement Planning Group LLC lifted its stake in Franklin FTSE Asia ex Japan ETF by 8.0% in the 1st quarter. Retirement Planning Group LLC now owns 8,408 shares of the company’s stock worth $257,000 after purchasing an additional 620 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Franklin FTSE Asia ex Japan ETF in the 3rd quarter worth $339,000. TOP Private Wealth LLC. purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF in the 2nd quarter valued at $813,000. Finally, Corient Private Wealth LP grew its holdings in shares of Franklin FTSE Asia ex Japan ETF by 6.1% in the second quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock worth $948,000 after purchasing an additional 1,473 shares during the last quarter.

Franklin FTSE Asia ex Japan ETF Stock Performance

Shares of Franklin FTSE Asia ex Japan ETF stock traded down $0.24 during midday trading on Tuesday, hitting $33.10. 26,717 shares of the company traded hands, compared to its average volume of 12,312. Franklin FTSE Asia ex Japan ETF has a 12 month low of $28.56 and a 12 month high of $39.20. The stock has a market cap of $66.20 million, a price-to-earnings ratio of 14.98 and a beta of 0.73. The firm’s fifty day moving average price is $35.63 and its 200-day moving average price is $34.71.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.