Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Significant Growth in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 43,856 shares, a growth of 47.9% from the July 30th total of 29,662 shares. Based on an average daily trading volume, of 14,759 shares, the short-interest ratio is presently 3.0 days. Approximately 2.7% of the company’s stock are sold short.

Franklin FTSE Asia ex Japan ETF Trading Down 0.5%

Shares of Franklin FTSE Asia ex Japan ETF stock traded down $0.18 during trading hours on Tuesday, reaching $36.46. 2,487 shares of the company’s stock were exchanged, compared to its average volume of 9,307. The stock has a market cap of $58.34 million, a P/E ratio of 14.98 and a beta of 0.70. The company has a 50 day moving average of $35.84 and a two-hundred day moving average of $34.67. Franklin FTSE Asia ex Japan ETF has a fifty-two week low of $26.94 and a fifty-two week high of $39.20.

Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF

Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new position in shares of Franklin FTSE Asia ex Japan ETF in the 2nd quarter valued at about $46,000. Balefire LLC bought a new stake in Franklin FTSE Asia ex Japan ETF in the first quarter valued at approximately $210,000. Retirement Planning Group LLC lifted its position in shares of Franklin FTSE Asia ex Japan ETF by 5.4% in the fourth quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock valued at $231,000 after buying an additional 397 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in shares of Franklin FTSE Asia ex Japan ETF by 3.8% during the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock worth $275,000 after acquiring an additional 389 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Franklin FTSE Asia ex Japan ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after acquiring an additional 1,561 shares during 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.