Short Interest in Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Rises By 260.8%

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 108,233 shares, a growth of 260.8% from the April 30th total of 29,996 shares. Based on an average trading volume of 30,315 shares, the short-interest ratio is presently 3.6 days. Currently, 3.2% of the company’s shares are short sold.

Franklin FTSE Japan Hedged ETF Stock Performance

FLJH traded up $0.05 during trading on Friday, hitting $44.76. 37,222 shares of the stock were exchanged, compared to its average volume of 34,472. The firm has a 50 day simple moving average of $42.30 and a 200 day simple moving average of $40.73. The firm has a market cap of $152.18 million, a price-to-earnings ratio of 14.42 and a beta of 0.35. Franklin FTSE Japan Hedged ETF has a 1 year low of $31.21 and a 1 year high of $45.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FLJH. Flow Traders U.S. LLC boosted its position in shares of Franklin FTSE Japan Hedged ETF by 271.1% in the 3rd 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of Franklin FTSE Japan Hedged ETF in the 1st quarter worth $1,730,000. AIA Group Ltd boosted its position in shares of Franklin FTSE Japan Hedged ETF by 40.1% in the 3rd quarter. AIA Group Ltd now owns 177,398 shares of the company’s stock worth $6,395,000 after purchasing an additional 50,780 shares in the last quarter. Citadel Advisors LLC boosted its position 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 worth $1,525,000 after purchasing an additional 13,928 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Franklin FTSE Japan Hedged ETF by 3,942.2% in the 4th quarter. Wells Fargo & Company MN now owns 13,703 shares of the company’s stock worth $516,000 after purchasing an additional 13,364 shares in the last quarter.

About Franklin FTSE Japan Hedged ETF

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.