Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Update

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 173,974 shares, a growth of 101.0% from the February 26th total of 86,550 shares. Based on an average trading volume of 200,491 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Canada ETF by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock valued at $159,216,000 after purchasing an additional 51,324 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Franklin FTSE Canada ETF by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after buying an additional 44,927 shares in the last quarter. Nottingham Advisors Inc. raised its position in shares of Franklin FTSE Canada ETF by 3.0% during the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after acquiring an additional 8,462 shares in the last quarter. Royal Bank of Canada raised its position in shares of 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 worth $13,173,000 after acquiring an additional 228,769 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Franklin FTSE Canada ETF by 0.3% during the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after purchasing an additional 320 shares during the last quarter.

Franklin FTSE Canada ETF Stock Performance

FLCA stock traded down $0.16 during trading on Friday, reaching $47.86. 41,888 shares of the company traded hands, compared to its average volume of 97,398. The company has a market capitalization of $600.64 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The business has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $47.66. Franklin FTSE Canada ETF has a 12 month low of $33.59 and a 12 month high of $52.02.

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.