Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Update

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 162,514 shares, a decline of 35.4% from the July 15th total of 251,574 shares. Based on an average trading volume of 847,260 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Franklin FTSE Japan ETF Price Performance

Shares of FLJP stock opened at $41.72 on Tuesday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66. The firm has a fifty day moving average price of $39.95 and a 200-day moving average price of $38.69. Franklin FTSE Japan ETF has a 1 year low of $33.42 and a 1 year high of $42.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in Franklin FTSE Japan ETF by 12.4% during the first quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after acquiring an additional 1,515,922 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Franklin FTSE Japan ETF by 0.4% in the 4th quarter. Morgan Stanley now owns 4,490,762 shares of the company’s stock worth $154,707,000 after buying an additional 16,822 shares during the period. Janus Henderson Group PLC grew its holdings in Franklin FTSE Japan ETF by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 774,346 shares of the company’s stock worth $26,676,000 after acquiring an additional 5,775 shares in the last quarter. RiverFront Investment Group LLC boosted its stake in shares of Franklin FTSE Japan ETF by 2.6% during the fourth quarter. RiverFront Investment Group LLC now owns 676,720 shares of the company’s stock valued at $23,313,000 after purchasing an additional 17,061 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Franklin FTSE Japan ETF during the 1st quarter valued at $23,938,000.

Franklin FTSE Japan ETF Company Profile

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.