Franklin FTSE Canada ETF (NYSEARCA:FLCA) Short Interest Update

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 82,760 shares, a drop of 48.9% from the December 15th total of 161,909 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 23,163 shares, the short-interest ratio is currently 3.6 days. Based on an average trading volume of 23,163 shares, the short-interest ratio is currently 3.6 days. Currently, 0.7% of the shares of the company are sold short.

Franklin FTSE Canada ETF Trading Down 0.2%

NYSEARCA FLCA traded down $0.12 on Friday, hitting $49.32. 58,090 shares of the company’s stock traded hands, compared to its average volume of 83,308. The firm’s 50-day moving average price is $47.59 and its two-hundred day moving average price is $45.11. The firm has a market capitalization of $584.44 million, a PE ratio of 19.67 and a beta of 0.93. Franklin FTSE Canada ETF has a 1-year low of $33.59 and a 1-year high of $49.51.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Franklin FTSE Canada ETF by 1.5% during the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after purchasing an additional 51,324 shares in the last quarter. Nottingham Advisors Inc. boosted its holdings in Franklin FTSE Canada ETF by 3.0% in the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after buying an additional 8,462 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Franklin FTSE Canada ETF by 0.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock worth $5,489,000 after buying an additional 320 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Franklin FTSE Canada ETF by 12.5% during the second quarter. Bank of Montreal Can now owns 56,623 shares of the company’s stock valued at $2,364,000 after acquiring an additional 6,295 shares during the last quarter. Finally, Courier Capital LLC lifted its position in shares of Franklin FTSE Canada ETF by 2.5% in the second quarter. Courier Capital LLC now owns 53,141 shares of the company’s stock valued at $2,219,000 after acquiring an additional 1,275 shares in the last quarter.

About Franklin FTSE Canada ETF

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