Short Interest in Franklin FTSE India ETF (NYSEARCA:FLIN) Increases By 111.3%

Franklin FTSE India ETF (NYSEARCA:FLIN) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 414,225 shares, a growth of 111.3% from the May 31st total of 196,063 shares. Based on an average daily trading volume, of 497,390 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advocate Investing Services LLC acquired a new stake in Franklin FTSE India ETF during the 4th quarter valued at approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in Franklin FTSE India ETF during the 4th quarter worth approximately $26,000. Ankerstar Wealth LLC acquired a new position in shares of Franklin FTSE India ETF in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new position in shares of Franklin FTSE India ETF in the 4th quarter valued at approximately $34,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $36,000.

Franklin FTSE India ETF Price Performance

Shares of Franklin FTSE India ETF stock opened at $35.40 on Tuesday. The business has a 50-day moving average of $34.98 and a 200-day moving average of $36.06. The company has a market capitalization of $2.56 billion, a PE ratio of 22.46 and a beta of 0.47. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.99.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.