Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Decrease in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 45,685 shares, a decline of 52.5% from the September 30th total of 96,124 shares. Based on an average trading volume of 33,738 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Franklin FTSE Canada ETF by 20.4% in the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after buying an additional 720,745 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in Franklin FTSE Canada ETF in the first quarter valued at $231,000. Boltwood Capital Management acquired a new stake in Franklin FTSE Canada ETF in the third quarter valued at $211,000. Innealta Capital LLC raised its stake in Franklin FTSE Canada ETF by 3.8% in the first quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after buying an additional 2,769 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in Franklin FTSE Canada ETF by 170.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,143 shares of the company’s stock worth $164,000 after buying an additional 1,981 shares during the last quarter.

Franklin FTSE Canada ETF Stock Down 1.3%

NYSEARCA FLCA traded down $0.72 on Friday, hitting $54.17. 23,208 shares of the stock were exchanged, compared to its average volume of 63,269. Franklin FTSE Canada ETF has a fifty-two week low of $44.17 and a fifty-two week high of $55.96. The company has a 50-day moving average price of $53.98 and a 200-day moving average price of $52.05. The company has a market cap of $855.89 million, a PE ratio of 19.67 and a beta of 0.86.

Franklin FTSE Canada ETF Company Profile

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.