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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 643,997 shares, a growth of 371.1% from the June 30th total of 136,712 shares. Based on an average daily trading volume, of 779,994 shares, the short-interest ratio is presently 0.8 days. Approximately 2.8% of the company’s stock are short sold.

Franklin FTSE South Korea ETF Stock Performance

Shares of FLKR traded down $3.35 during trading hours on Friday, hitting $53.57. 872,479 shares of the company were exchanged, compared to its average volume of 638,992. The company has a market cap of $1.25 billion, a PE ratio of 10.49 and a beta of 1.46. The firm’s 50 day moving average is $61.68 and its 200-day moving average is $50.17. Franklin FTSE South Korea ETF has a 52 week low of $23.88 and a 52 week high of $72.49.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

A number of large investors have recently added to or reduced their stakes in the stock. Boltwood Capital Management grew its holdings in Franklin FTSE South Korea ETF by 1.2% during the second quarter. Boltwood Capital Management now owns 17,175 shares of the company’s stock valued at $1,135,000 after purchasing an additional 200 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Franklin FTSE South Korea ETF by 3.7% during the 4th quarter. Ieq Capital LLC now owns 11,817 shares of the company’s stock worth $379,000 after buying an additional 427 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin FTSE South Korea ETF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $73,000 after buying an additional 608 shares during the period. LPL Financial LLC boosted its holdings in shares of Franklin FTSE South Korea ETF by 14.2% during the 4th quarter. LPL Financial LLC now owns 12,575 shares of the company’s stock worth $403,000 after buying an additional 1,560 shares during the period. Finally, MRA Advisory Group acquired a new position in Franklin FTSE South Korea ETF in the 2nd quarter valued at $272,000.

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.