Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Significant Increase in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 238,818 shares, a growth of 33.3% from the December 15th total of 179,099 shares. Based on an average trading volume of 82,456 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.2% of the company’s stock are short sold. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 82,456 shares, the days-to-cover ratio is currently 2.9 days.

Franklin FTSE South Korea ETF Price Performance

Franklin FTSE South Korea ETF stock traded up $0.36 during mid-day trading on Monday, reaching $36.76. The stock had a trading volume of 199,033 shares, compared to its average volume of 179,403. The company has a market capitalization of $286.73 million, a price-to-earnings ratio of 10.49 and a beta of 1.23. The company has a 50-day moving average price of $31.96 and a two-hundred day moving average price of $28.54. Franklin FTSE South Korea ETF has a one year low of $16.54 and a one year high of $36.76.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of large investors have recently made changes to their positions in FLKR. Tradewinds Capital Management LLC bought a new position in Franklin FTSE South Korea ETF during the 4th quarter valued at about $824,000. Fiduciary Financial Group LLC purchased a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter valued at approximately $204,000. Miller Global Investments LLC bought a new position in shares of Franklin FTSE South Korea ETF during the fourth quarter valued at approximately $436,000. Greenline Partners LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth approximately $208,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter worth approximately $1,447,000.

Franklin FTSE South Korea ETF Company Profile

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