Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Significant Growth in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 409,992 shares, a growth of 112.6% from the June 15th total of 192,809 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 957,530 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new position in shares of Franklin FTSE Japan ETF during the fourth quarter valued at $10,113,000. Westview Management dba Westview Investment Advisors bought a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth $4,631,000. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth $14,100,000. ES4 LLC acquired a new stake in Franklin FTSE Japan ETF in the fourth quarter valued at $6,665,000. Finally, UBS Group AG increased its holdings in Franklin FTSE Japan ETF by 156.2% in the fourth quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after purchasing an additional 323,509 shares during the period.

Franklin FTSE Japan ETF Price Performance

FLJP stock traded down $0.13 during trading on Wednesday, reaching $39.95. 580,596 shares of the company were exchanged, compared to its average volume of 1,296,074. The company has a 50-day moving average of $39.68 and a two-hundred day moving average of $37.95. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a twelve month low of $30.77 and a twelve month high of $41.53.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.