Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) Sees Significant Drop in Short Interest

Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 459 shares, a decline of 45.6% from the May 31st total of 843 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 751 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Franklin FTSE Saudi Arabia ETF

A hedge fund recently raised its position in Franklin FTSE Saudi Arabia ETF stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,244 shares of the company’s stock after buying an additional 719 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 4.50% of Franklin FTSE Saudi Arabia ETF worth $353,000 at the end of the most recent reporting period.

Franklin FTSE Saudi Arabia ETF Stock Down 0.5%

Franklin FTSE Saudi Arabia ETF stock traded down $0.15 during trading hours on Thursday, reaching $32.04. 364 shares of the company’s stock were exchanged, compared to its average volume of 6,996. The firm’s 50 day simple moving average is $33.30 and its 200 day simple moving average is $33.07. Franklin FTSE Saudi Arabia ETF has a twelve month low of $30.88 and a twelve month high of $35.38. The firm has a market capitalization of $4.81 million, a PE ratio of 15.61 and a beta of 0.27.

Franklin FTSE Saudi Arabia ETF Company Profile

The Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that is based on the FTSE Saudi Arabia RIC Capped index, a market-cap-weighted index of Saudi Arabian equities, excluding small-caps. FLSA was launched on Oct 9, 2018 and is managed by Franklin Templeton.