Short Interest in Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Grows By 23.3%

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 21,677 shares, a growth of 23.3% from the March 31st total of 17,579 shares. Based on an average daily volume of 29,087 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC increased its stake in shares of Franklin FTSE Japan Hedged ETF by 271.1% during the third quarter. Flow Traders U.S. LLC now owns 158,592 shares of the company’s stock worth $5,717,000 after purchasing an additional 115,861 shares during the period. Jane Street Group LLC bought a new stake in Franklin FTSE Japan Hedged ETF during the first quarter worth about $1,730,000. AIA Group Ltd boosted its position in shares of Franklin FTSE Japan Hedged ETF by 40.1% during the 3rd quarter. AIA Group Ltd now owns 177,398 shares of the company’s stock worth $6,395,000 after acquiring an additional 50,780 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Franklin FTSE Japan Hedged ETF by 49.1% in the 3rd quarter. Citadel Advisors LLC now owns 42,311 shares of the company’s stock valued at $1,525,000 after purchasing an additional 13,928 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Franklin FTSE Japan Hedged ETF by 3,942.2% in the fourth quarter. Wells Fargo & Company MN now owns 13,703 shares of the company’s stock valued at $516,000 after acquiring an additional 13,364 shares during the last quarter.

Franklin FTSE Japan Hedged ETF Trading Down 0.7%

Shares of NYSEARCA:FLJH traded down $0.30 on Friday, hitting $41.82. The company had a trading volume of 22,073 shares, compared to its average volume of 36,048. Franklin FTSE Japan Hedged ETF has a 1-year low of $30.83 and a 1-year high of $43.35. The stock has a market cap of $142.19 million, a price-to-earnings ratio of 14.42 and a beta of 0.35. The stock has a 50 day moving average price of $41.34 and a 200 day moving average price of $39.95.

Franklin FTSE Japan Hedged ETF Company Profile

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.