Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Up 1,021.6% in August

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,822,823 shares, an increase of 1,021.6% from the July 30th total of 162,514 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 819,451 shares, the days-to-cover ratio is currently 2.2 days.

Franklin FTSE Japan ETF Stock Performance

Franklin FTSE Japan ETF stock traded up $0.01 during trading on Thursday, reaching $40.69. The company had a trading volume of 95,305 shares, compared to its average volume of 1,197,648. The firm’s 50-day simple moving average is $40.08 and its 200 day simple moving average is $38.87. Franklin FTSE Japan ETF has a 1-year low of $33.42 and a 1-year high of $42.03. The firm has a market capitalization of $4.03 billion, a PE ratio of 14.28 and a beta of 0.66.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLJP. Principia Wealth Advisory LLC increased its stake in shares of Franklin FTSE Japan ETF by 4.7% during the second quarter. Principia Wealth Advisory LLC now owns 48,506 shares of the company’s stock worth $1,928,000 after purchasing an additional 2,176 shares in the last quarter. Beacon Hill Wealth Management LTD. acquired a new stake in Franklin FTSE Japan ETF in the 2nd quarter worth about $242,000. Continuum Advisory LLC acquired a new stake in Franklin FTSE Japan ETF in the 2nd quarter worth about $63,000. Matrix Trust Co acquired a new stake in Franklin FTSE Japan ETF in the 2nd quarter worth about $950,000. Finally, Trilogy Capital Inc. increased its stake in Franklin FTSE Japan ETF by 5.9% during the 2nd quarter. Trilogy Capital Inc. now owns 202,414 shares of the company’s stock worth $8,046,000 after buying an additional 11,209 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.