Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Down 49.9% in July

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 322,366 shares, a decrease of 49.9% from the July 15th total of 643,997 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 961,105 shares, the days-to-cover ratio is presently 0.3 days.

Franklin FTSE South Korea ETF Price Performance

Shares of FLKR traded down $4.59 during mid-day trading on Tuesday, reaching $56.30. 1,404,801 shares of the company’s stock were exchanged, compared to its average volume of 659,105. The business’s fifty day simple moving average is $59.17 and its 200-day simple moving average is $52.31. The stock has a market capitalization of $1.42 billion, a PE ratio of 10.49 and a beta of 1.49. Franklin FTSE South Korea ETF has a 52-week low of $24.13 and a 52-week high of $72.49.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLKR. EverSource Wealth Advisors LLC increased its position in Franklin FTSE South Korea ETF by 121.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the period. Greenline Partners LLC acquired a new position in shares of Franklin FTSE South Korea ETF in the third quarter valued at approximately $208,000. Summit Financial LLC purchased a new stake in shares of Franklin FTSE South Korea ETF during the fourth quarter worth approximately $217,000. MRA Advisory Group purchased a new stake in shares of Franklin FTSE South Korea ETF during the second quarter worth approximately $272,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Franklin FTSE South Korea ETF by 2,424.3% during the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after purchasing an additional 11,976 shares during the period.

Franklin FTSE South Korea ETF Company Profile

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.