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 December. As of December 31st, there was short interest totaling 437,399 shares, a growth of 95.4% from the December 15th total of 223,815 shares. Based on an average trading volume of 689,484 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 689,484 shares, the short-interest ratio is presently 0.6 days.

Franklin FTSE Japan ETF Price Performance

Shares of NYSEARCA FLJP opened at $36.46 on Friday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a one year low of $25.77 and a one year high of $36.61. The firm’s 50 day simple moving average is $35.42 and its two-hundred day simple moving average is $34.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Franklin FTSE Japan ETF by 205.7% in the third quarter. CWM LLC now owns 35,617 shares of the company’s stock valued at $1,231,000 after acquiring an additional 23,966 shares during the period. AGF Management Ltd. grew its holdings in Franklin FTSE Japan ETF by 6.7% during the 2nd quarter. AGF Management Ltd. now owns 430,131 shares of the company’s stock valued at $13,829,000 after purchasing an additional 27,050 shares during the last quarter. Cetera Investment Advisers raised its position in Franklin FTSE Japan ETF by 31.2% in the 2nd quarter. Cetera Investment Advisers now owns 43,242 shares of the company’s stock worth $1,390,000 after purchasing an additional 10,272 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Franklin FTSE Japan ETF during the second quarter valued at approximately $1,055,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Franklin FTSE Japan ETF by 26.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,607 shares of the company’s stock valued at $820,000 after buying an additional 5,431 shares during the last quarter.

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.