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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 238,818 shares, an increase of 33.3% from the December 15th total of 179,099 shares. Based on an average daily volume of 82,456 shares, the short-interest ratio is presently 2.9 days. Currently, 3.2% of the shares of the company are sold short. Currently, 3.2% of the shares of the company are sold short. Based on an average daily volume of 82,456 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

A number of institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $824,000. Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF during the fourth quarter worth $204,000. Miller Global Investments LLC acquired a new position in shares of Franklin FTSE South Korea ETF during the 4th quarter valued at about $436,000. Greenline Partners LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter valued at about $208,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the third quarter valued at about $1,447,000.

Franklin FTSE South Korea ETF Stock Up 1.0%

Shares of NYSEARCA:FLKR traded up $0.36 during trading on Friday, hitting $36.76. 199,033 shares of the stock traded hands, compared to its average volume of 179,403. The company has a fifty day moving average price of $31.96 and a two-hundred day moving average price of $28.51. Franklin FTSE South Korea ETF has a 52-week low of $16.54 and a 52-week high of $36.76. The company has a market cap of $286.73 million, a price-to-earnings ratio of 10.49 and a beta of 1.23.

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.