Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Sees Significant Growth in Short Interest

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 25,787 shares, a growth of 50.6% from the January 29th total of 17,127 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 41,882 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 41,882 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the company’s shares are sold short.

Franklin FTSE Japan Hedged ETF Stock Performance

FLJH opened at $43.12 on Friday. The stock’s 50 day moving average price is $40.14 and its 200-day moving average price is $38.39. Franklin FTSE Japan Hedged ETF has a one year low of $26.01 and a one year high of $43.35. The stock has a market cap of $133.67 million, a price-to-earnings ratio of 14.42 and a beta of 0.37.

Institutional Trading of Franklin FTSE Japan Hedged ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter valued at $32,000. Dunhill Financial LLC purchased a new position in Franklin FTSE Japan Hedged ETF in the 4th quarter worth about $33,000. Royal Bank of Canada lifted its holdings in Franklin FTSE Japan Hedged ETF by 80.5% during the 4th quarter. Royal Bank of Canada now owns 4,468 shares of the company’s stock valued at $168,000 after buying an additional 1,993 shares in the last quarter. National Bank of Canada FI boosted its position in Franklin FTSE Japan Hedged ETF by 15.7% in the 3rd quarter. National Bank of Canada FI now owns 5,486 shares of the company’s stock valued at $197,000 after buying an additional 743 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Franklin FTSE Japan Hedged ETF in the 4th quarter valued at about $305,000.

About Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.