Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 732,648 shares, a growth of 100.1% from the September 15th total of 366,086 shares. Based on an average daily volume of 761,757 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the company’s shares are sold short.
Institutional Trading of Franklin FTSE Japan ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. GK Wealth Management LLC acquired a new stake in Franklin FTSE Japan ETF in the third quarter worth $76,000. Paragon Capital Management Ltd lifted its holdings in Franklin FTSE Japan ETF by 0.4% during the third quarter. Paragon Capital Management Ltd now owns 223,473 shares of the company’s stock worth $9,252,000 after acquiring an additional 831 shares in the last quarter. Matrix Trust Co grew its stake in Franklin FTSE Japan ETF by 70.5% in the third quarter. Matrix Trust Co now owns 40,724 shares of the company’s stock valued at $1,686,000 after acquiring an additional 16,832 shares during the period. Boltwood Capital Management acquired a new position in Franklin FTSE Japan ETF in the third quarter valued at about $515,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Franklin FTSE Japan ETF in the second quarter worth about $143,000.
Franklin FTSE Japan ETF Trading Up 0.8%
NYSEARCA FLJP opened at $40.94 on Friday. Franklin FTSE Japan ETF has a 12 month low of $34.07 and a 12 month high of $42.42. The stock has a 50-day simple moving average of $41.27 and a 200 day simple moving average of $39.81. The company has a market capitalization of $4.22 billion, a PE ratio of 14.28 and a beta of 0.68.
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.
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