Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Here’s Why

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw an uptick in trading volume on Monday . 1,234,227 shares traded hands during trading, an increase of 211% from the previous session’s volume of 397,115 shares.The stock last traded at $38.1060 and had previously closed at $37.95.

Franklin FTSE India ETF Stock Performance

The company has a 50 day simple moving average of $38.72 and a two-hundred day simple moving average of $38.57. The company has a market cap of $2.53 billion, a PE ratio of 22.46 and a beta of 0.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLIN. Investment Management Corp of Ontario lifted its position in Franklin FTSE India ETF by 220.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,563,681 shares of the company’s stock worth $62,281,000 after buying an additional 1,075,500 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Franklin FTSE India ETF by 16.9% in the third quarter. AGF Management Ltd. now owns 1,197,347 shares of the company’s stock worth $44,649,000 after acquiring an additional 172,979 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Franklin FTSE India ETF by 30.7% in the third quarter. Principal Financial Group Inc. now owns 898,218 shares of the company’s stock worth $33,495,000 after acquiring an additional 210,899 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Franklin FTSE India ETF by 8.8% during the third quarter. OLD National Bancorp IN now owns 692,124 shares of the company’s stock worth $25,809,000 after acquiring an additional 56,080 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its position in Franklin FTSE India ETF by 3,953.4% during the second quarter. New York Life Investment Management LLC now owns 495,687 shares of the company’s stock valued at $19,743,000 after purchasing an additional 483,458 shares during the last quarter.

Franklin FTSE India ETF Company Profile

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.