Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 414,225 shares, a growth of 111.3% from the May 31st total of 196,063 shares. Based on an average daily volume of 497,390 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advocate Investing Services LLC acquired a new stake in Franklin FTSE India ETF in the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $26,000. Ankerstar Wealth LLC acquired a new position in shares of Franklin FTSE India ETF during the fourth quarter worth $31,000. Dunhill Financial LLC purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at $34,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at $36,000.

Franklin FTSE India ETF Price Performance

Shares of FLIN opened at $35.40 on Tuesday. Franklin FTSE India ETF has a 12 month low of $32.20 and a 12 month high of $39.99. The stock’s 50-day moving average is $34.98 and its two-hundred day moving average is $36.06. The stock has a market cap of $2.56 billion, a PE ratio of 22.46 and a beta of 0.47.

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.