Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Update

Franklin FTSE China ETF (NYSEARCA:FLCH) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 926,493 shares, an increase of 55.4% from the November 30th total of 596,149 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average daily volume of 281,026 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 281,026 shares, the days-to-cover ratio is presently 3.3 days. Approximately 9.7% of the shares of the stock are sold short.

Franklin FTSE China ETF Price Performance

Shares of Franklin FTSE China ETF stock opened at $24.28 on Monday. The company’s 50 day moving average price is $24.78 and its two-hundred day moving average price is $24.03. The firm has a market capitalization of $233.09 million, a P/E ratio of 12.83 and a beta of 0.27. Franklin FTSE China ETF has a fifty-two week low of $17.28 and a fifty-two week high of $26.51.

Hedge Funds Weigh In On Franklin FTSE China ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new stake in shares of Franklin FTSE China ETF during the first quarter valued at about $3,909,000. NewEdge Advisors LLC raised its holdings in Franklin FTSE China ETF by 19.7% in the 1st quarter. NewEdge Advisors LLC now owns 210,319 shares of the company’s stock valued at $4,492,000 after buying an additional 34,675 shares during the last quarter. Leo Wealth LLC boosted its position in Franklin FTSE China ETF by 12.7% during the 2nd quarter. Leo Wealth LLC now owns 311,510 shares of the company’s stock worth $6,772,000 after buying an additional 35,106 shares during the period. Envestnet Asset Management Inc. boosted its position in Franklin FTSE China ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,597 shares of the company’s stock worth $382,000 after buying an additional 1,365 shares during the period. Finally, Assetmark Inc. grew its holdings in Franklin FTSE China ETF by 144.0% during the 2nd quarter. Assetmark Inc. now owns 16,728 shares of the company’s stock worth $363,000 after acquiring an additional 9,871 shares during the last quarter.

Franklin FTSE China ETF Company Profile

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.