Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Grows By 296.1%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 385,049 shares, an increase of 296.1% from the August 15th total of 97,201 shares. Based on an average daily volume of 63,518 shares, the short-interest ratio is presently 6.1 days. Approximately 2.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in shares of Franklin FTSE Canada ETF by 20.4% in the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after buying an additional 720,745 shares in the last quarter. Royal Bank of Canada grew its holdings in Franklin FTSE Canada ETF by 520.4% during the 4th quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after buying an additional 228,769 shares in the last quarter. ES4 LLC bought a new stake in Franklin FTSE Canada ETF in the 4th quarter worth approximately $4,588,000. Wells Fargo & Company MN increased its stake in Franklin FTSE Canada ETF by 2,881,250.0% in the 4th quarter. Wells Fargo & Company MN now owns 57,627 shares of the company’s stock worth $2,783,000 after acquiring an additional 57,625 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Franklin FTSE Canada ETF by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after acquiring an additional 44,927 shares in the last quarter.

Franklin FTSE Canada ETF Stock Performance

FLCA traded up $0.25 during trading on Friday, reaching $54.06. 22,365 shares of the company traded hands, compared to its average volume of 67,402. Franklin FTSE Canada ETF has a 12-month low of $44.17 and a 12-month high of $55.96. The firm has a fifty day simple moving average of $54.01 and a 200 day simple moving average of $52.17. The company has a market cap of $821.71 million, a P/E ratio of 19.67 and a beta of 0.85.

Franklin FTSE Canada ETF Company Profile

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.