Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Down 75.3% in July

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 29,662 shares, a decline of 75.3% from the July 15th total of 119,986 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 8,137 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Trading of Franklin FTSE Asia ex Japan ETF

A number of hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. bought a new stake in Franklin FTSE Asia ex Japan ETF during the 2nd quarter valued at $46,000. Balefire LLC bought a new position in shares of Franklin FTSE Asia ex Japan ETF in the 1st quarter worth $210,000. Retirement Planning Group LLC raised its position in shares of Franklin FTSE Asia ex Japan ETF by 5.4% in the 4th quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock worth $231,000 after acquiring an additional 397 shares in the last quarter. Vivaldi Capital Management LP lifted its stake in shares of Franklin FTSE Asia ex Japan ETF by 3.8% during the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock worth $275,000 after purchasing an additional 389 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Franklin FTSE Asia ex Japan ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after purchasing an additional 1,561 shares during the last quarter.

Franklin FTSE Asia ex Japan ETF Trading Up 0.0%

Shares of FLAX traded up $0.01 during mid-day trading on Friday, hitting $36.48. The company’s stock had a trading volume of 1,628 shares, compared to its average volume of 9,642. The company’s 50-day moving average is $36.03 and its 200-day moving average is $34.31. Franklin FTSE Asia ex Japan ETF has a 52-week low of $26.94 and a 52-week high of $39.20. The firm has a market capitalization of $58.37 million, a price-to-earnings ratio of 14.98 and a beta of 0.70.

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.