Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Monday . 1,721,622 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 793,205 shares.The stock last traded at $38.21 and had previously closed at $37.92.

Franklin FTSE India ETF Price Performance

The stock’s fifty day simple moving average is $38.61 and its 200-day simple moving average is $38.49. The company has a market capitalization of $2.87 billion, a P/E ratio of 22.46 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC bought a new stake in shares of Franklin FTSE India ETF during the 3rd quarter valued at $693,000. Accordant Advisory Group Inc acquired a new position in shares of Franklin FTSE India ETF in the second quarter valued at approximately $2,884,000. C WorldWide Group Holding A S bought a new stake in shares of Franklin FTSE India ETF in the second quarter worth $1,576,000. Advisors Capital Management LLC boosted its stake in shares of Franklin FTSE India ETF by 35.9% during the 2nd quarter. Advisors Capital Management LLC now owns 50,176 shares of the company’s stock worth $1,999,000 after buying an additional 13,247 shares during the last quarter. Finally, Avestar Capital LLC acquired a new position in shares of Franklin FTSE India ETF during the 2nd quarter worth approximately $1,306,000.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.