Franklin FTSE Canada ETF (NYSEARCA:FLCA) Stock Short Interest Falls 73.7%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 96,124 shares, a decline of 73.7% from the September 15th total of 365,696 shares. Based on an average daily trading volume, of 70,208 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are short sold.

Franklin FTSE Canada ETF Trading Up 0.6%

Shares of FLCA traded up $0.34 during trading hours on Monday, hitting $53.10. The company had a trading volume of 21,355 shares, compared to its average volume of 65,887. The company has a market capitalization of $844.29 million, a PE ratio of 19.67 and a beta of 0.86. Franklin FTSE Canada ETF has a one year low of $44.17 and a one year high of $55.96. The company’s fifty day moving average price is $54.15 and its two-hundred day moving average price is $52.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its holdings in Franklin FTSE Canada ETF by 564.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock worth $60,000 after acquiring an additional 987 shares in the last quarter. Bayban acquired a new position in Franklin FTSE Canada ETF in the 4th quarter valued at about $70,000. Boltwood Capital Management purchased a new position in shares of Franklin FTSE Canada ETF during the 2nd quarter worth about $208,000. Quantinno Capital Management LP purchased a new stake in shares of Franklin FTSE Canada ETF during the 1st quarter worth about $231,000. Finally, Aureum Wealth Management LLC raised its stake in shares of Franklin FTSE Canada ETF by 2.7% during the second quarter. Aureum Wealth Management LLC now owns 55,037 shares of the company’s stock valued at $2,833,000 after purchasing an additional 1,467 shares during the period.

About Franklin FTSE Canada ETF

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.