Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Down 75.3% in July

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 29,662 shares, a decline of 75.3% from the July 15th total of 119,986 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 8,137 shares, the short-interest ratio is presently 3.6 days.

Franklin FTSE Asia ex Japan ETF Stock Performance

FLAX stock traded up $0.17 on Thursday, reaching $36.49. The company’s stock had a trading volume of 9,083 shares, compared to its average volume of 9,692. The firm has a market cap of $58.38 million, a PE ratio of 14.98 and a beta of 0.70. The business has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $34.26. Franklin FTSE Asia ex Japan ETF has a 12-month low of $26.94 and a 12-month high of $39.20.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. bought a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 2nd quarter valued at about $46,000. Balefire LLC purchased a new stake in Franklin FTSE Asia ex Japan ETF in the first quarter worth about $210,000. Retirement Planning Group LLC lifted its holdings in Franklin FTSE Asia ex Japan ETF by 5.4% in the fourth quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock worth $231,000 after buying an additional 397 shares during the period. Vivaldi Capital Management LP boosted its position in Franklin FTSE Asia ex Japan ETF by 3.8% during the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock valued at $275,000 after acquiring an additional 389 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Franklin FTSE Asia ex Japan ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock valued at $555,000 after acquiring an additional 1,561 shares in the last quarter.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.