Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Growth in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,969,692 shares, a growth of 750.0% from the March 15th total of 231,729 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 1,910,577 shares, the short-interest ratio is presently 1.0 days.

Franklin FTSE Japan ETF Stock Performance

Shares of NYSEARCA FLJP traded down $0.01 during midday trading on Friday, hitting $37.82. 509,086 shares of the stock traded hands, compared to its average volume of 1,447,566. The firm has a 50-day moving average of $37.47 and a two-hundred day moving average of $36.13. The firm has a market capitalization of $3.18 billion, a P/E ratio of 14.28 and a beta of 0.64. Franklin FTSE Japan ETF has a one year low of $27.71 and a one year high of $40.22.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLJP. Hsbc Holdings PLC purchased a new position in Franklin FTSE Japan ETF during the fourth quarter valued at $395,000. World Investment Advisors lifted its holdings in Franklin FTSE Japan ETF by 9.4% during the fourth quarter. World Investment Advisors now owns 15,991 shares of the company’s stock valued at $551,000 after purchasing an additional 1,368 shares in the last quarter. Bayban purchased a new position in Franklin FTSE Japan ETF during the fourth quarter valued at approximately $143,000. EP Wealth Advisors LLC purchased a new position in Franklin FTSE Japan ETF during the fourth quarter valued at approximately $598,000. Finally, Empowered Funds LLC lifted its holdings in Franklin FTSE Japan ETF by 111.1% during the fourth quarter. Empowered Funds LLC now owns 454,652 shares of the company’s stock valued at $15,663,000 after purchasing an additional 239,231 shares in the last quarter.

Franklin FTSE Japan ETF Company Profile

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.