Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 81,514 shares, an increase of 75.9% from the September 30th total of 46,354 shares. Based on an average daily trading volume, of 7,902 shares, the short-interest ratio is currently 10.3 days. Approximately 4.5% of the shares of the stock are short sold.
Franklin FTSE Asia ex Japan ETF Stock Up 0.3%
NYSEARCA FLAX traded up $0.10 during trading on Monday, hitting $33.51. 7,731 shares of the stock traded hands, compared to its average volume of 9,792. Franklin FTSE Asia ex Japan ETF has a 12-month low of $28.56 and a 12-month high of $39.20. The firm has a 50-day simple moving average of $36.05 and a 200-day simple moving average of $34.65. The company has a market capitalization of $67.02 million, a P/E ratio of 14.98 and a beta of 0.70.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP lifted its position in Franklin FTSE Asia ex Japan ETF by 6.1% during the second quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock valued at $948,000 after purchasing an additional 1,473 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 2nd quarter valued at about $813,000. Retirement Planning Group LLC purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 3rd quarter valued at about $394,000. Finally, Balefire LLC bought a new position in shares of Franklin FTSE Asia ex Japan ETF in the 1st quarter valued at about $210,000.
Franklin FTSE Asia ex Japan ETF Company Profile
The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.
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