Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Drop in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 162,514 shares, a decline of 35.4% from the July 15th total of 251,574 shares. Based on an average daily trading volume, of 847,260 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of large investors have recently bought and sold shares of the business. Blair William & Co. IL lifted its holdings in Franklin FTSE Japan ETF by 2.6% during the fourth quarter. Blair William & Co. IL now owns 9,991 shares of the company’s stock valued at $344,000 after purchasing an additional 256 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Franklin FTSE Japan ETF by 5.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock worth $171,000 after purchasing an additional 266 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Franklin FTSE Japan ETF by 3.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,936 shares of the company’s stock worth $274,000 after buying an additional 300 shares during the last quarter. Paces Ferry Wealth Advisors LLC boosted its position in shares of Franklin FTSE Japan ETF by 2.8% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock valued at $412,000 after acquiring an additional 312 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Franklin FTSE Japan ETF by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 7,880 shares of the company’s stock valued at $285,000 after buying an additional 364 shares during the period.

Franklin FTSE Japan ETF Price Performance

NYSEARCA FLJP opened at $41.72 on Tuesday. The stock’s fifty day moving average price is $39.95 and its 200 day moving average price is $38.69. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66. Franklin FTSE Japan ETF has a 1 year low of $33.42 and a 1 year high of $42.03.

Franklin FTSE Japan ETF Company Profile

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.