Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Update

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,822,823 shares, a growth of 1,021.6% from the July 30th total of 162,514 shares. Based on an average daily trading volume, of 819,451 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Several hedge funds and other institutional investors have recently modified their holdings of FLJP. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Franklin FTSE Japan ETF in the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its holdings in Franklin FTSE Japan ETF by 475.0% in the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after buying an additional 950 shares during the period. Continuum Advisory LLC purchased a new position in Franklin FTSE Japan ETF during the 2nd quarter valued at about $63,000. Farther Finance Advisors LLC increased its stake in Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after purchasing an additional 522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Franklin FTSE Japan ETF by 29.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock valued at $93,000 after buying an additional 653 shares during the last quarter.

Franklin FTSE Japan ETF Stock Performance

Shares of Franklin FTSE Japan ETF stock traded down $0.08 during mid-day trading on Wednesday, hitting $40.71. 86,281 shares of the stock were exchanged, compared to its average volume of 1,203,585. The company has a market capitalization of $4.03 billion, a P/E ratio of 14.28 and a beta of 0.66. The company has a 50-day simple moving average of $40.08 and a 200 day simple moving average of $38.84. Franklin FTSE Japan ETF has a 12 month low of $33.42 and a 12 month high of $42.03.

Franklin FTSE Japan ETF Company Profile

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.