Franklin FTSE China ETF (NYSEARCA:FLCH) Sees Large Increase in Short Interest

Franklin FTSE China ETF (NYSEARCA:FLCH) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 470,315 shares, a growth of 255.4% from the August 15th total of 132,352 shares. Based on an average trading volume of 76,008 shares, the short-interest ratio is presently 6.2 days. Approximately 3.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Franklin FTSE China ETF

Several institutional investors have recently modified their holdings of the company. Main Management ETF Advisors LLC purchased a new stake in Franklin FTSE China ETF in the fourth quarter worth approximately $4,716,000. Greenwood Capital Associates LLC bought a new position in Franklin FTSE China ETF during the first quarter valued at approximately $4,249,000. Tenzing Financial LLC purchased a new position in shares of Franklin FTSE China ETF during the fourth quarter worth approximately $894,000. Atlas Capital Advisors Inc. purchased a new position in shares of Franklin FTSE China ETF during the fourth quarter worth approximately $3,412,000. Finally, Royal Bank of Canada lifted its holdings in shares of Franklin FTSE China ETF by 242.3% in the 1st quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock worth $1,529,000 after acquiring an additional 48,336 shares during the last quarter.

Franklin FTSE China ETF Stock Performance

FLCH traded up $0.03 during trading on Friday, reaching $20.97. The stock had a trading volume of 61,101 shares, compared to its average volume of 133,078. The business has a 50-day moving average of $21.62 and a 200-day moving average of $22.19. Franklin FTSE China ETF has a one year low of $20.01 and a one year high of $26.51. The stock has a market cap of $289.39 million, a PE ratio of 12.83 and a beta of 0.35.

About Franklin FTSE China ETF

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.