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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 322,366 shares, a decrease of 49.9% from the July 15th total of 643,997 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 961,105 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Franklin FTSE South Korea ETF by 121.0% in the second 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 period. Greenline Partners LLC bought a new stake in Franklin FTSE South Korea ETF in the 3rd quarter worth $208,000. Summit Financial LLC bought a new stake in Franklin FTSE South Korea ETF in the 4th quarter worth $217,000. MRA Advisory Group purchased a new position in shares of Franklin FTSE South Korea ETF in the second quarter valued at about $272,000. Finally, Osaic Holdings Inc. increased its position in shares of Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after acquiring an additional 11,976 shares during the period.

Franklin FTSE South Korea ETF Stock Performance

FLKR traded up $0.40 on Friday, hitting $59.30. 329,142 shares of the company were exchanged, compared to its average volume of 656,295. The firm has a fifty day simple moving average of $59.15 and a two-hundred day simple moving average of $52.17. The stock has a market capitalization of $1.49 billion, a PE ratio of 10.49 and a beta of 1.49. Franklin FTSE South Korea ETF has a 12 month low of $24.13 and a 12 month 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.