Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Increase in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 238,818 shares, a growth of 33.3% from the December 15th total of 179,099 shares. Based on an average daily trading volume, of 82,456 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.2% of the shares of the stock are short sold. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 82,456 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of Franklin FTSE South Korea ETF

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock worth $30,000 after buying an additional 674 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Franklin FTSE South Korea ETF by 8.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock valued at $308,000 after acquiring an additional 826 shares in the last quarter. Innealta Capital LLC raised its position in Franklin FTSE South Korea ETF by 3.0% during the second quarter. Innealta Capital LLC now owns 35,071 shares of the company’s stock worth $857,000 after acquiring an additional 1,023 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Franklin FTSE South Korea ETF by 5.1% in the second quarter. Leavell Investment Management Inc. now owns 105,587 shares of the company’s stock valued at $2,581,000 after purchasing an additional 5,110 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $204,000.

Franklin FTSE South Korea ETF Price Performance

Shares of FLKR stock traded up $0.36 during midday trading on Friday, reaching $36.76. 199,033 shares of the company traded hands, compared to its average volume of 179,403. The firm’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $28.51. The firm has a market cap of $286.73 million, a PE ratio of 10.49 and a beta of 1.23. Franklin FTSE South Korea ETF has a 1-year low of $16.54 and a 1-year high of $36.76.

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.