Short Interest in Franklin FTSE India ETF (NYSEARCA:FLIN) Decreases By 93.0%

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 212,779 shares, a decline of 93.0% from the June 30th total of 3,037,463 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,006,305 shares, the days-to-cover ratio is currently 0.2 days.

Franklin FTSE India ETF Trading Up 0.9%

Shares of NYSEARCA:FLIN traded up $0.31 during trading on Friday, reaching $34.51. The stock had a trading volume of 3,560,303 shares, compared to its average volume of 918,018. Franklin FTSE India ETF has a one year low of $32.20 and a one year high of $39.85. The company has a market capitalization of $2.68 billion, a P/E ratio of 22.46 and a beta of 0.47. The firm’s 50-day simple moving average is $34.92 and its 200 day simple moving average is $35.64.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley grew its holdings in Franklin FTSE India ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 1,491,503 shares of the company’s stock worth $57,557,000 after purchasing an additional 35,311 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Franklin FTSE India ETF by 13.4% during the first quarter. OLD National Bancorp IN now owns 847,863 shares of the company’s stock worth $28,166,000 after purchasing an additional 100,216 shares in the last quarter. 3EDGE Asset Management LP purchased a new stake in shares of Franklin FTSE India ETF during the 4th quarter valued at $29,642,000. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE India ETF by 121.4% during the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares during the last quarter. Finally, Axis Capital Holdings Ltd. acquired a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth $14,617,000.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.