Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Large Decrease in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 29,662 shares, a decline of 75.3% from the July 15th total of 119,986 shares. Based on an average daily volume of 8,137 shares, the short-interest ratio is presently 3.6 days. Currently, 1.9% of the shares of the company are sold short.

Franklin FTSE Asia ex Japan ETF Stock Up 0.5%

FLAX traded up $0.17 during trading on Thursday, reaching $36.49. 9,083 shares of the company were exchanged, compared to its average volume of 9,692. Franklin FTSE Asia ex Japan ETF has a 12-month low of $26.94 and a 12-month high of $39.20. The company’s 50-day moving average is $36.04 and its two-hundred day moving average is $34.26. The company has a market cap of $58.38 million, a price-to-earnings ratio of 14.98 and a beta of 0.70.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLAX. Osaic Holdings Inc. bought a new position in Franklin FTSE Asia ex Japan ETF in the second quarter valued at $46,000. Balefire LLC bought a new stake in Franklin FTSE Asia ex Japan ETF during the first quarter worth about $210,000. Retirement Planning Group LLC boosted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 5.4% in the 4th quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock worth $231,000 after purchasing an additional 397 shares in the last quarter. Vivaldi Capital Management LP boosted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 3.8% in the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock worth $275,000 after purchasing an additional 389 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Asia ex Japan ETF by 8.8% in the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after purchasing an additional 1,561 shares in the last quarter.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.