Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Decline in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 723,751 shares, a drop of 61.5% from the May 14th total of 1,877,826 shares. Based on an average daily volume of 856,936 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Several hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its stake in shares of Franklin FTSE Japan ETF by 22.8% during the 1st quarter. Essential Partners LLC now owns 9,287 shares of the company’s stock worth $336,000 after purchasing an additional 1,724 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Franklin FTSE Japan ETF during the 1st quarter worth about $379,000. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Japan ETF by 12.4% during the 1st quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock worth $495,537,000 after purchasing an additional 1,515,922 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Franklin FTSE Japan ETF by 4.8% during the 1st quarter. Arkadios Wealth Advisors now owns 7,880 shares of the company’s stock worth $285,000 after purchasing an additional 364 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Franklin FTSE Japan ETF by 47.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 27,976 shares of the company’s stock worth $1,012,000 after purchasing an additional 9,005 shares during the last quarter.

Franklin FTSE Japan ETF Trading Up 0.6%

Shares of Franklin FTSE Japan ETF stock traded up $0.22 during mid-day trading on Friday, hitting $39.56. 1,056,683 shares of the stock were exchanged, compared to its average volume of 1,287,053. Franklin FTSE Japan ETF has a twelve month low of $30.54 and a twelve month high of $40.22. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. The company has a 50-day simple moving average of $38.58 and a 200 day simple moving average of $37.23.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.