Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 253,190 shares, a drop of 35.8% from the July 30th total of 394,257 shares. Based on an average trading volume of 205,542 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Franklin FTSE India ETF Trading Down 0.3%

Shares of FLIN traded down $0.11 during mid-day trading on Tuesday, hitting $35.56. The company’s stock had a trading volume of 364,152 shares, compared to its average volume of 808,817. The firm has a 50-day simple moving average of $35.51 and a 200 day simple moving average of $35.27. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.85. The firm has a market capitalization of $2.65 billion, a P/E ratio of 22.46 and a beta of 0.47.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FLIN. Ameritas Advisory Services LLC acquired a new position in shares of Franklin FTSE India ETF during the 2nd quarter worth $934,000. Advisory Solutions Group LLC acquired a new stake in shares of Franklin FTSE India ETF during the 2nd quarter worth about $229,000. J.Safra Asset Management Corp purchased a new stake in shares of Franklin FTSE India ETF during the second quarter worth about $801,000. Focus Financial Network Inc. raised its position in shares of Franklin FTSE India ETF by 53.8% in the second quarter. Focus Financial Network Inc. now owns 98,781 shares of the company’s stock valued at $3,514,000 after buying an additional 34,544 shares during the last quarter. Finally, LifeGoal Investments LLC raised its position in shares of Franklin FTSE India ETF by 21.8% in the second quarter. LifeGoal Investments LLC now owns 57,360 shares of the company’s stock valued at $2,040,000 after buying an additional 10,250 shares during the last quarter.

Franklin FTSE India ETF Company Profile

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.