Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Drop in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 757,131 shares, a drop of 62.8% from the April 15th total of 2,035,966 shares. Based on an average daily volume of 1,137,824 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the company’s shares are short sold.

Franklin FTSE Japan ETF Trading Down 0.9%

Shares of FLJP traded down $0.36 during midday trading on Thursday, reaching $39.50. 740,570 shares of the stock were exchanged, compared to its average volume of 1,352,932. Franklin FTSE Japan ETF has a 52 week low of $30.54 and a 52 week high of $40.22. The company’s 50 day moving average is $37.19 and its two-hundred day moving average is $36.64. The company has a market capitalization of $3.65 billion, a P/E ratio of 14.28 and a beta of 0.65.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blair William & Co. IL grew its position in shares of Franklin FTSE Japan ETF by 2.6% during the 4th quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock worth $344,000 after buying an additional 256 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Franklin FTSE Japan ETF by 5.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after buying an additional 266 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Franklin FTSE Japan ETF by 3.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after buying an additional 300 shares in the last quarter. Paces Ferry Wealth Advisors LLC grew its position in shares of Franklin FTSE Japan ETF by 2.8% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock worth $412,000 after buying an additional 312 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its position in shares of Franklin FTSE Japan ETF by 0.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 41,435 shares of the company’s stock worth $1,427,000 after buying an additional 343 shares in the last quarter.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.