Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Down 38.6% in July

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 251,574 shares, a decline of 38.6% from the June 30th total of 409,992 shares. Based on an average daily trading volume, of 1,686,850 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLJP. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Franklin FTSE Japan ETF in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its position in Franklin FTSE Japan ETF by 475.0% during the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after purchasing an additional 950 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Franklin FTSE Japan ETF in the 4th quarter worth approximately $41,000. Flagship Harbor Advisors LLC purchased a new position in Franklin FTSE Japan ETF in the 4th quarter worth approximately $59,000. Finally, Farther Finance Advisors LLC grew its stake in Franklin FTSE Japan ETF by 40.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after buying an additional 522 shares in the last quarter.

Franklin FTSE Japan ETF Price Performance

NYSEARCA FLJP traded up $1.52 during trading on Thursday, reaching $39.77. The company’s stock had a trading volume of 1,045,892 shares, compared to its average volume of 1,262,264. The firm has a fifty day moving average of $39.63 and a 200 day moving average of $38.27. Franklin FTSE Japan ETF has a one year low of $31.59 and a one year high of $41.53. The stock has a market capitalization of $3.94 billion, a PE ratio of 14.28 and a beta of 0.65.

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.