Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 36,725 shares, a drop of 85.5% from the August 15th total of 253,190 shares. Based on an average daily volume of 144,855 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.
Franklin FTSE India ETF Stock Performance
Shares of FLIN traded up $0.35 during mid-day trading on Friday, hitting $34.93. 85,102 shares of the company were exchanged, compared to its average volume of 783,465. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.85. The company has a 50 day moving average of $35.48 and a 200-day moving average of $35.14. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46.
Hedge Funds Weigh In On Franklin FTSE India ETF
Hedge funds have recently made changes to their positions in the company. Advocate Investing Services LLC purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC purchased a new stake in shares of Franklin FTSE India ETF during the fourth quarter worth approximately $31,000. Park Square Financial Group LLC acquired a new position in Franklin FTSE India ETF in the 4th quarter valued at $36,000. Steward Partners Investment Advisory LLC acquired a new position in Franklin FTSE India ETF in the 4th quarter valued at $42,000. Finally, International Assets Investment Management LLC purchased a new position in Franklin FTSE India ETF in the 4th quarter valued at $52,000.
About Franklin FTSE India ETF
The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.
Featured Stories
- Five stocks we like better than Franklin FTSE India ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Franklin FTSE India ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin FTSE India ETF and related companies with MarketBeat.com's FREE daily email newsletter.
