Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Drop in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,187,263 shares, a decline of 34.9% from the August 15th total of 1,822,823 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 628,100 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Franklin FTSE Japan ETF during the second quarter valued at $143,000. RFG Advisory LLC purchased a new stake in shares of Franklin FTSE Japan ETF during the 2nd quarter valued at about $1,547,000. IFP Advisors Inc grew its stake in shares of Franklin FTSE Japan ETF by 2.1% in the second quarter. IFP Advisors Inc now owns 13,605 shares of the company’s stock worth $541,000 after acquiring an additional 281 shares during the period. Citadel Advisors LLC raised its holdings in shares of Franklin FTSE Japan ETF by 1,509.9% during the second quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock valued at $44,731,000 after purchasing an additional 1,055,408 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of Franklin FTSE Japan ETF during the second quarter valued at approximately $331,000.

Franklin FTSE Japan ETF Stock Down 1.2%

Shares of NYSEARCA FLJP traded down $0.52 during midday trading on Friday, hitting $41.16. The stock had a trading volume of 305,454 shares, compared to its average volume of 1,158,326. The business’s 50 day moving average is $40.48 and its 200-day moving average is $39.09. Franklin FTSE Japan ETF has a 52 week low of $33.64 and a 52 week high of $42.03. The company has a market cap of $4.13 billion, a P/E ratio of 14.28 and a beta of 0.66.

Franklin FTSE Japan ETF Company Profile

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.