Short Interest in Franklin FTSE China ETF (NYSEARCA:FLCH) Decreases By 91.7%

Franklin FTSE China ETF (NYSEARCA:FLCH) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 132,352 shares, a decrease of 91.7% from the July 30th total of 1,597,929 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 48,407 shares, the days-to-cover ratio is presently 2.7 days.

Franklin FTSE China ETF Stock Performance

Shares of NYSEARCA FLCH traded up $0.06 during mid-day trading on Wednesday, reaching $21.84. The company had a trading volume of 26,268 shares, compared to its average volume of 131,314. Franklin FTSE China ETF has a one year low of $20.01 and a one year high of $26.51. The firm has a market cap of $301.39 million, a price-to-earnings ratio of 12.83 and a beta of 0.35. The business’s 50-day simple moving average is $21.42 and its 200 day simple moving average is $22.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Comerica Bank purchased a new stake in shares of Franklin FTSE China ETF during the 3rd quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in shares of Franklin FTSE China ETF during the 3rd quarter valued at $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Franklin FTSE China ETF by 422.1% during the second quarter. EverSource Wealth Advisors LLC now owns 7,127 shares of the company’s stock valued at $155,000 after acquiring an additional 5,762 shares in the last quarter. Ascent Advisors LLC purchased a new stake in Franklin FTSE China ETF in the first quarter worth $163,000. Finally, Arsenal Capital Advisors LLC purchased a new position in shares of Franklin FTSE China ETF during the fourth quarter valued at approximately $223,000.

Franklin FTSE China ETF Company Profile

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