Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Grows By 1,325.1%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 467,629 shares, a growth of 1,325.1% from the January 29th total of 32,813 shares. Based on an average trading volume of 56,473 shares, the short-interest ratio is presently 8.3 days. Currently, 3.7% of the company’s shares are short sold. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 56,473 shares, the short-interest ratio is presently 8.3 days.

Franklin FTSE Canada ETF Stock Performance

Franklin FTSE Canada ETF stock traded down $0.33 during mid-day trading on Friday, hitting $51.65. The company’s stock had a trading volume of 17,381 shares, compared to its average volume of 72,685. The company has a 50 day moving average of $49.49 and a 200-day moving average of $46.71. Franklin FTSE Canada ETF has a one year low of $33.59 and a one year high of $52.02. The stock has a market cap of $648.23 million, a PE ratio of 19.67 and a beta of 0.93.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in Franklin FTSE Canada ETF in the 3rd quarter worth about $37,000. Comerica Bank boosted its holdings in shares of Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after purchasing an additional 763 shares during the period. Blue Trust Inc. grew its stake in Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after purchasing an additional 756 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Franklin FTSE Canada ETF by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Franklin FTSE Canada ETF during the 4th quarter worth $103,000.

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.