Short Interest in Franklin FTSE India ETF (NYSEARCA:FLIN) Declines By 85.5%

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 36,725 shares, a decline of 85.5% from the August 15th total of 253,190 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 144,855 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in shares of 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 boosted 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 valued at $28,166,000 after buying an additional 100,216 shares during the last quarter. 3EDGE Asset Management LP purchased a new position in shares of Franklin FTSE India ETF during the fourth quarter valued at approximately $29,642,000. Bank of America Corp DE grew its holdings in Franklin FTSE India ETF by 121.4% during the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after buying an additional 235,968 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its holdings in Franklin FTSE India ETF by 0.3% during the first quarter. OLD Second National Bank of Aurora now owns 323,982 shares of the company’s stock worth $10,763,000 after buying an additional 955 shares in the last quarter.

Franklin FTSE India ETF Stock Performance

Shares of Franklin FTSE India ETF stock traded up $0.35 during trading hours on Friday, reaching $34.93. The company’s stock had a trading volume of 85,102 shares, compared to its average volume of 783,465. 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 $2.60 billion, a P/E ratio of 22.46 and a beta of 0.46. The stock’s fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $35.14.

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.