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

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 32,813 shares, a growth of 149.5% from the January 15th total of 13,151 shares. Based on an average trading volume of 55,237 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 55,237 shares, the short-interest ratio is presently 0.6 days.

Franklin FTSE Canada ETF Price Performance

Shares of FLCA stock traded down $1.17 during trading hours on Thursday, reaching $49.43. The company had a trading volume of 75,824 shares, compared to its average volume of 66,769. Franklin FTSE Canada ETF has a 1-year low of $33.59 and a 1-year high of $51.30. The firm has a market cap of $620.28 million, a price-to-earnings ratio of 19.67 and a beta of 0.93. The company has a 50 day moving average of $48.89 and a 200 day moving average of $46.09.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Franklin FTSE Canada ETF by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock worth $159,216,000 after buying an additional 51,324 shares during the period. JPMorgan Chase & Co. boosted its stake in Franklin FTSE Canada ETF by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock worth $95,162,000 after acquiring an additional 44,927 shares during the last quarter. Nottingham Advisors Inc. boosted its stake in Franklin FTSE Canada ETF by 3.0% during the 3rd quarter. Nottingham Advisors Inc. now owns 290,990 shares of the company’s stock worth $13,212,000 after acquiring an additional 8,462 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in Franklin FTSE Canada ETF by 0.3% during the third quarter. Simon Quick Advisors LLC now owns 120,904 shares of the company’s stock valued at $5,489,000 after purchasing an additional 320 shares during the period. Finally, Main Management ETF Advisors LLC increased its stake in Franklin FTSE Canada ETF by 9.2% in the fourth quarter. Main Management ETF Advisors LLC now owns 88,435 shares of the company’s stock valued at $4,271,000 after purchasing an additional 7,435 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.