Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Up 47.9% in August

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 43,856 shares, a growth of 47.9% from the July 30th total of 29,662 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 14,759 shares, the days-to-cover ratio is presently 3.0 days.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

Several institutional investors have recently modified their holdings of the business. Vivaldi Capital Management LP grew its position in shares of Franklin FTSE Asia ex Japan ETF by 3.8% in the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock valued at $275,000 after purchasing an additional 389 shares during the period. Jane Street Group LLC raised its holdings in Franklin FTSE Asia ex Japan ETF by 50.6% during the 2nd quarter. Jane Street Group LLC now owns 61,897 shares of the company’s stock worth $1,609,000 after buying an additional 20,806 shares during the period. Corient Private Wealth LLC raised its holdings in Franklin FTSE Asia ex Japan ETF by 70.1% during the 2nd quarter. Corient Private Wealth LLC now owns 39,673 shares of the company’s stock worth $1,032,000 after buying an additional 16,350 shares during the period. Osaic Holdings Inc. bought a new position in Franklin FTSE Asia ex Japan ETF in the second quarter valued at approximately $46,000. Finally, PGIM Custom Harvest LLC lifted its stake in Franklin FTSE Asia ex Japan ETF by 0.5% in the third quarter. PGIM Custom Harvest LLC now owns 167,838 shares of the company’s stock valued at $4,847,000 after buying an additional 855 shares in the last quarter.

Franklin FTSE Asia ex Japan ETF Trading Up 0.4%

FLAX stock opened at $36.62 on Thursday. The business’s 50-day moving average price is $35.82 and its two-hundred day moving average price is $34.72. The firm has a market cap of $58.59 million, a PE ratio of 14.98 and a beta of 0.70. Franklin FTSE Asia ex Japan ETF has a 1-year low of $26.99 and a 1-year high of $39.20.

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.