Franklin FTSE India ETF (NYSEARCA:FLIN) Shares Shorted: Short Interest Down 49.0% in October

Franklin FTSE India ETF (NYSEARCA:FLIN) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 158,504 shares, a decrease of 49.0% from the September 30th total of 310,666 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 314,820 shares, the short-interest ratio is presently 0.5 days.

Franklin FTSE India ETF Stock Performance

Shares of FLIN stock traded up $0.16 during midday trading on Friday, reaching $34.05. 326,812 shares of the company were exchanged, compared to its average volume of 694,918. The company’s 50 day moving average price is $34.36 and its two-hundred day moving average price is $35.25. The company has a market cap of $2.54 billion, a P/E ratio of 22.46 and a beta of 0.48. Franklin FTSE India ETF has a 12 month low of $32.20 and a 12 month high of $39.43.

Institutional Investors Weigh In On Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Franklin FTSE India ETF by 19.4% in the first quarter. Royal Bank of Canada now owns 136,116 shares of the company’s stock worth $4,522,000 after purchasing an additional 22,146 shares during the period. Tidal Investments LLC acquired a new position in shares of Franklin FTSE India ETF during the 2nd quarter valued at $3,095,000. Bank of America Corp DE increased its position in shares of Franklin FTSE India ETF by 121.4% during the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Franklin FTSE India ETF by 30.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock worth $2,097,000 after buying an additional 14,499 shares in the last quarter. Finally, Juncture Wealth Strategies LLC bought a new stake in shares of Franklin FTSE India ETF in the 3rd quarter worth $3,863,000.

Franklin FTSE India ETF Company Profile

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.