Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Down 38.6% in July

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 251,574 shares, a decrease of 38.6% from the June 30th total of 409,992 shares. Based on an average daily volume of 1,686,850 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Franklin FTSE Japan ETF

A number of institutional investors have recently added to or reduced their stakes in FLJP. Bank of America Corp DE grew its stake in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after acquiring an additional 1,515,922 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Franklin FTSE Japan ETF in the 1st quarter worth approximately $23,938,000. Morningstar Investment Management LLC bought a new position in Franklin FTSE Japan ETF in the 1st quarter valued at $11,886,000. Quadrature Capital Ltd purchased a new position in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $11,306,000. Finally, UBS Group AG grew its position in shares of Franklin FTSE Japan ETF by 156.2% during the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after purchasing an additional 323,509 shares in the last quarter.

Franklin FTSE Japan ETF Trading Up 4.0%

Shares of FLJP stock traded up $1.52 during trading on Thursday, reaching $39.77. 1,045,892 shares of the company’s stock traded hands, compared to its average volume of 1,262,264. The firm’s 50-day moving average is $39.63 and its 200 day moving average is $38.27. The company has a market capitalization of $3.94 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 1 year low of $31.59 and a 1 year high of $41.53.

About Franklin FTSE Japan ETF

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.