Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Up 55.4% in December

Franklin FTSE China ETF (NYSEARCA:FLCH) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 926,493 shares, an increase of 55.4% from the November 30th total of 596,149 shares. Currently, 9.7% of the company’s stock are short sold. Based on an average daily trading volume, of 281,026 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 281,026 shares, the days-to-cover ratio is presently 3.3 days. Currently, 9.7% of the company’s stock are short sold.

Franklin FTSE China ETF Stock Performance

Shares of FLCH opened at $24.01 on Wednesday. The firm has a market cap of $230.50 million, a PE ratio of 12.83 and a beta of 0.27. The firm’s 50 day moving average price is $24.73 and its 200 day moving average price is $24.06. Franklin FTSE China ETF has a twelve month low of $17.28 and a twelve month high of $26.51.

Institutional Investors Weigh In On Franklin FTSE China ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Leo Wealth LLC increased its position in Franklin FTSE China ETF by 12.7% during the second quarter. Leo Wealth LLC now owns 311,510 shares of the company’s stock worth $6,772,000 after buying an additional 35,106 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Franklin FTSE China ETF by 6.3% in the second quarter. NewEdge Advisors LLC now owns 223,485 shares of the company’s stock worth $4,851,000 after buying an additional 13,166 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of Franklin FTSE China ETF during the 1st quarter worth about $3,909,000. Franklin Resources Inc. increased its holdings in shares of Franklin FTSE China ETF by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 156,079 shares of the company’s stock valued at $4,060,000 after acquiring an additional 10,365 shares during the last quarter. Finally, MMA Asset Management LLC acquired a new position in shares of Franklin FTSE China ETF during the 2nd quarter valued at about $3,146,000.

About Franklin FTSE China ETF

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.