Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Decreases By 81.5%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 86,550 shares, a decrease of 81.5% from the February 12th total of 467,629 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 103,829 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 103,829 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are short sold.

Franklin FTSE Canada ETF Trading Down 0.4%

Franklin FTSE Canada ETF stock traded down $0.21 during midday trading on Wednesday, reaching $50.37. The stock had a trading volume of 204,595 shares, compared to its average volume of 88,427. The company has a fifty day moving average price of $49.87 and a two-hundred day moving average price of $47.25. Franklin FTSE Canada ETF has a 12 month low of $33.59 and a 12 month high of $52.02. The company has a market capitalization of $632.14 million, a P/E ratio of 19.67 and a beta of 0.93.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in Franklin FTSE Canada ETF in the 3rd quarter valued at $37,000. Comerica Bank raised its holdings in Franklin FTSE Canada ETF by 1,557.1% during the fourth quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after buying an additional 763 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Franklin FTSE Canada ETF by 1,080.0% in the fourth quarter. Blue Trust Inc. now owns 826 shares of the company’s stock valued at $40,000 after buying an additional 756 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Franklin FTSE Canada ETF by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after buying an additional 610 shares in the last quarter. Finally, Bayban acquired a new position in shares of Franklin FTSE Canada ETF during the fourth quarter valued at about $70,000.

Franklin FTSE Canada ETF Company Profile

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.