Short Interest in Franklin FTSE Japan ETF (NYSEARCA:FLJP) Declines By 95.0%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 231,729 shares, a decline of 95.0% from the February 26th total of 4,674,102 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 2,039,799 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,039,799 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Franklin FTSE Japan ETF Stock Down 0.1%

Shares of FLJP traded down $0.04 during mid-day trading on Tuesday, hitting $35.70. 617,435 shares of the company’s stock were exchanged, compared to its average volume of 1,269,117. The firm has a fifty day moving average of $37.41 and a two-hundred day moving average of $36.00. Franklin FTSE Japan ETF has a twelve month low of $25.77 and a twelve month high of $40.22. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Hedge funds have recently bought and sold shares of the business. Creative Planning boosted its stake in shares of Franklin FTSE Japan ETF by 54.8% during the 2nd quarter. Creative Planning now owns 10,923 shares of the company’s stock worth $351,000 after acquiring an additional 3,865 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Franklin FTSE Japan ETF by 31.2% in the 2nd quarter. Cetera Investment Advisers now owns 43,242 shares of the company’s stock worth $1,390,000 after purchasing an additional 10,272 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Franklin FTSE Japan ETF by 125.6% during the second quarter. JPMorgan Chase & Co. now owns 71,615 shares of the company’s stock worth $2,302,000 after purchasing an additional 39,875 shares during the period. Global Retirement Partners LLC bought a new stake in Franklin FTSE Japan ETF during the second quarter worth approximately $329,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Franklin FTSE Japan ETF by 0.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 313,151 shares of the company’s stock valued at $10,068,000 after purchasing an additional 1,560 shares during the last quarter.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.