Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Decline in Short Interest

Franklin FTSE India ETF (NYSEARCA:FLIN) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 23,025 shares, a decline of 85.5% from the October 15th total of 158,504 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 221,416 shares, the days-to-cover ratio is currently 0.1 days.

Franklin FTSE India ETF Stock Down 0.1%

NYSEARCA:FLIN traded down $0.05 during mid-day trading on Friday, reaching $36.74. The company’s stock had a trading volume of 288,786 shares, compared to its average volume of 686,457. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.43. The stock has a fifty day moving average of $34.42 and a 200-day moving average of $35.19. The firm has a market capitalization of $2.73 billion, a PE ratio of 21.26 and a beta of 0.49.

Institutional Investors Weigh In On Franklin FTSE India ETF

Several large investors have recently modified their holdings of FLIN. Texas Yale Capital Corp. boosted its stake in shares of Franklin FTSE India ETF by 9.7% during the third quarter. Texas Yale Capital Corp. now owns 62,312 shares of the company’s stock valued at $2,087,000 after purchasing an additional 5,500 shares in the last quarter. HighTower Advisors LLC purchased a new position in Franklin FTSE India ETF during the third quarter valued at approximately $244,000. MSH Capital Advisors LLC raised its stake in Franklin FTSE India ETF by 24.6% in the third quarter. MSH Capital Advisors LLC now owns 25,680 shares of the company’s stock worth $860,000 after buying an additional 5,072 shares in the last quarter. Letko Brosseau & Associates Inc. raised its stake in Franklin FTSE India ETF by 20.7% in the third quarter. Letko Brosseau & Associates Inc. now owns 74,200 shares of the company’s stock worth $2,485,000 after buying an additional 12,700 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in Franklin FTSE India ETF during the third quarter worth $20,491,000.

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.