Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Drops By 73.4%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 192,809 shares, a drop of 73.4% from the May 31st total of 723,751 shares. Based on an average trading volume of 1,187,022 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. raised its holdings in shares of Franklin FTSE Japan ETF by 475.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after purchasing an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Franklin FTSE Japan ETF during the 4th quarter valued at $41,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Franklin FTSE Japan ETF in the 4th quarter valued at $59,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Franklin FTSE Japan ETF by 40.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock valued at $62,000 after purchasing an additional 522 shares during the last quarter.

Franklin FTSE Japan ETF Price Performance

FLJP traded up $0.11 during trading on Monday, reaching $39.74. 599,763 shares of the stock traded hands, compared to its average volume of 1,257,046. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a fifty-two week low of $30.77 and a fifty-two week high of $41.53. The stock’s 50-day simple moving average is $39.18 and its two-hundred day simple moving average is $37.60.

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.