Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Decline in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 27,503 shares, a decrease of 47.1% from the May 14th total of 51,989 shares. Based on an average trading volume of 40,599 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Franklin FTSE Canada ETF

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Canada ETF by 20.4% in the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after buying an additional 720,745 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of Franklin FTSE Canada ETF in the 1st quarter valued at approximately $231,000. Innealta Capital LLC raised its position in shares of Franklin FTSE Canada ETF by 3.8% in the 1st quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after purchasing an additional 2,769 shares during the last quarter. Nottingham Advisors Inc. raised its position in shares of Franklin FTSE Canada ETF by 2.3% in the 1st quarter. Nottingham Advisors Inc. now owns 287,509 shares of the company’s stock valued at $14,071,000 after purchasing an additional 6,360 shares during the last quarter. Finally, Bayban purchased a new position in shares of Franklin FTSE Canada ETF in the 4th quarter valued at approximately $70,000.

Franklin FTSE Canada ETF Trading Up 0.7%

Shares of NYSEARCA:FLCA traded up $0.34 during trading on Friday, reaching $52.53. The stock had a trading volume of 17,375 shares, compared to its average volume of 75,701. Franklin FTSE Canada ETF has a one year low of $40.64 and a one year high of $53.21. The company has a market capitalization of $751.18 million, a P/E ratio of 19.67 and a beta of 0.84. The firm’s 50-day simple moving average is $51.73 and its 200 day simple moving average is $50.01.

About Franklin FTSE Canada ETF

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.