Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Update

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 437,399 shares, an increase of 95.4% from the December 15th total of 223,815 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 689,484 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 689,484 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLJP. Sunbelt Securities Inc. lifted its stake in shares of Franklin FTSE Japan ETF by 475.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after purchasing an additional 950 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Franklin FTSE Japan ETF by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock valued at $93,000 after purchasing an additional 653 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Franklin FTSE Japan ETF in the second quarter valued at about $109,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Franklin FTSE Japan ETF by 385.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,400 shares of the company’s stock worth $109,000 after buying an additional 2,700 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Franklin FTSE Japan ETF during the second quarter worth about $184,000.

Franklin FTSE Japan ETF Stock Performance

Franklin FTSE Japan ETF stock traded up $0.26 during trading hours on Thursday, reaching $36.49. 257,295 shares of the company’s stock traded hands, compared to its average volume of 493,928. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a fifty-two week low of $25.77 and a fifty-two week high of $36.61. The firm’s 50 day moving average is $35.39 and its 200-day moving average is $34.37.

Franklin FTSE Japan ETF Company Profile

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.