Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Drop in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 82,760 shares, a decrease of 48.9% from the December 15th total of 161,909 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 23,163 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 23,163 shares, the days-to-cover ratio is presently 3.6 days. Approximately 0.7% of the shares of the company are short sold.

Franklin FTSE Canada ETF Stock Performance

Shares of Franklin FTSE Canada ETF stock traded up $0.16 during trading on Thursday, hitting $49.44. 514,457 shares of the company’s stock were exchanged, compared to its average volume of 85,836. The stock has a market capitalization of $585.86 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The business has a 50-day simple moving average of $47.50 and a 200-day simple moving average of $45.06. Franklin FTSE Canada ETF has a 52-week low of $33.59 and a 52-week high of $49.50.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Several institutional investors and hedge funds have recently modified their holdings of FLCA. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Franklin FTSE Canada ETF by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,857 shares of the company’s stock worth $874,000 after buying an additional 269 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in Franklin FTSE Canada ETF by 0.3% in the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock valued at $5,489,000 after acquiring an additional 320 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares in the last quarter. PGIM Custom Harvest LLC grew its stake in shares of Franklin FTSE Canada ETF by 1.3% during the 2nd quarter. PGIM Custom Harvest LLC now owns 46,153 shares of the company’s stock worth $1,927,000 after purchasing an additional 612 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in shares of Franklin FTSE Canada ETF by 2.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 28,208 shares of the company’s stock valued at $1,178,000 after purchasing an additional 663 shares in the last quarter.

About Franklin FTSE Canada ETF

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