Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Significant Growth in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 43,856 shares, an increase of 47.9% from the July 30th total of 29,662 shares. Based on an average daily trading volume, of 14,759 shares, the short-interest ratio is currently 3.0 days. Currently, 2.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

A number of hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP boosted its holdings in Franklin FTSE Asia ex Japan ETF by 6.1% in the 2nd quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock valued at $948,000 after purchasing an additional 1,473 shares during the period. TOP Private Wealth LLC. bought a new stake in shares of Franklin FTSE Asia ex Japan ETF in the second quarter valued at approximately $813,000. Balefire LLC acquired a new stake in Franklin FTSE Asia ex Japan ETF during the first quarter worth approximately $210,000. Retirement Planning Group LLC increased its stake in Franklin FTSE Asia ex Japan ETF by 8.0% during the 1st quarter. Retirement Planning Group LLC now owns 8,408 shares of the company’s stock worth $257,000 after acquiring an additional 620 shares during the period. Finally, Royal Bank of Canada raised its holdings in Franklin FTSE Asia ex Japan ETF by 44.1% in the 4th quarter. Royal Bank of Canada now owns 30,168 shares of the company’s stock valued at $894,000 after acquiring an additional 9,228 shares in the last quarter.

Franklin FTSE Asia ex Japan ETF Stock Down 0.5%

Shares of Franklin FTSE Asia ex Japan ETF stock traded down $0.18 on Tuesday, hitting $36.46. The stock had a trading volume of 2,487 shares, compared to its average volume of 9,307. The stock has a market cap of $58.34 million, a price-to-earnings ratio of 14.98 and a beta of 0.70. The business’s 50 day moving average is $35.84 and its two-hundred day moving average is $34.67. Franklin FTSE Asia ex Japan ETF has a twelve month low of $26.94 and a twelve month high of $39.20.

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.