Franklin FTSE Japan ETF (NYSEARCA:FLJP) Shares Shorted: Short Interest Down 69.2% in September

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 366,086 shares, a decline of 69.2% from the August 31st total of 1,187,263 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 847,588 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds have recently added to or reduced their stakes in FLJP. Bank of America Corp DE boosted its holdings in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Citadel Advisors LLC increased its stake in Franklin FTSE Japan ETF by 1,509.9% in the 2nd quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock valued at $44,731,000 after buying an additional 1,055,408 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Franklin FTSE Japan ETF during the 1st quarter worth approximately $23,938,000. Morningstar Investment Management LLC bought a new position in shares of Franklin FTSE Japan ETF during the 1st quarter worth approximately $11,886,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Franklin FTSE Japan ETF by 345.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 351,887 shares of the company’s stock worth $12,731,000 after buying an additional 272,950 shares in the last quarter.

Franklin FTSE Japan ETF Price Performance

Shares of Franklin FTSE Japan ETF stock traded up $0.85 during trading on Friday, reaching $41.66. 704,899 shares of the company traded hands, compared to its average volume of 1,154,317. Franklin FTSE Japan ETF has a 1-year low of $33.64 and a 1-year high of $42.06. The company has a 50 day moving average price of $40.69 and a 200-day moving average price of $39.26. The firm has a market capitalization of $4.12 billion, a PE ratio of 14.28 and a beta of 0.66.

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.