Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Up 148.0% in May

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,877,826 shares, an increase of 148.0% from the April 30th total of 757,131 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,088,231 shares, the short-interest ratio is currently 1.7 days.

Franklin FTSE Japan ETF Trading Up 0.2%

Shares of Franklin FTSE Japan ETF stock opened at $39.79 on Friday. Franklin FTSE Japan ETF has a 12-month low of $30.54 and a 12-month high of $40.22. The stock has a market cap of $3.68 billion, a PE ratio of 14.28 and a beta of 0.65. The company has a 50-day moving average of $37.84 and a two-hundred day moving average of $36.94.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several hedge funds have recently bought and sold shares of FLJP. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Franklin FTSE Japan ETF during the fourth quarter worth $25,000. Sunbelt Securities Inc. increased its position in shares of Franklin FTSE Japan ETF by 475.0% in the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after buying an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Franklin FTSE Japan ETF in the fourth quarter valued at $41,000. Flagship Harbor Advisors LLC acquired a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth $59,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after buying an additional 522 shares during the last quarter.

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.