Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Up 141.4% in April

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 78,823 shares, an increase of 141.4% from the April 15th total of 32,654 shares. Based on an average daily volume of 77,940 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of institutional investors have recently modified their holdings of FLCA. EverSource Wealth Advisors LLC bought a new stake in shares of Franklin FTSE Canada ETF in the third quarter valued at about $37,000. Comerica Bank boosted its position in shares of Franklin FTSE Canada ETF by 1,557.1% in the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock valued at $39,000 after acquiring an additional 763 shares during the period. Blue Trust Inc. boosted its position in shares of Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after acquiring an additional 756 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Franklin FTSE Canada ETF by 84.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after buying an additional 610 shares in the last quarter. Finally, Bayban acquired a new stake in Franklin FTSE Canada ETF during the fourth quarter worth about $70,000.

Franklin FTSE Canada ETF Price Performance

FLCA stock traded down $0.67 during midday trading on Friday, reaching $51.33. 33,191 shares of the company were exchanged, compared to its average volume of 81,713. The business has a 50-day moving average price of $50.52 and a two-hundred day moving average price of $49.05. Franklin FTSE Canada ETF has a one year low of $39.73 and a one year high of $52.84. The firm has a market capitalization of $734.02 million, a price-to-earnings ratio of 19.67 and a beta of 0.85.

About Franklin FTSE Canada ETF

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.