Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Significant Growth in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 643,997 shares, a growth of 371.1% from the June 30th total of 136,712 shares. Based on an average trading volume of 779,994 shares, the short-interest ratio is presently 0.8 days. Approximately 2.8% of the shares of the company are short sold.

Institutional Trading of Franklin FTSE South Korea ETF

Several hedge funds have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC acquired a new stake in Franklin FTSE South Korea ETF in the 4th quarter valued at approximately $824,000. Hsbc Holdings PLC acquired a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter worth approximately $722,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the first quarter valued at approximately $1,334,000. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the first quarter valued at approximately $723,000. Finally, Fiduciary Financial Group LLC acquired a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter worth $204,000.

Franklin FTSE South Korea ETF Stock Performance

Shares of NYSEARCA:FLKR traded down $3.35 during midday trading on Friday, hitting $53.57. The company’s stock had a trading volume of 872,479 shares, compared to its average volume of 638,992. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.49 and a beta of 1.46. The stock’s 50 day simple moving average is $61.68 and its 200 day simple moving average is $50.17. Franklin FTSE South Korea ETF has a fifty-two week low of $23.88 and a fifty-two week high of $72.49.

About Franklin FTSE South Korea ETF

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.