Short Interest in Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Declines By 19.2%

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 21,762 shares, a decline of 19.2% from the February 26th total of 26,945 shares. Based on an average trading volume of 62,686 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin FTSE Japan Hedged ETF

A number of institutional investors have recently bought and sold shares of FLJH. Royal Bank of Canada boosted its holdings in shares of Franklin FTSE Japan Hedged ETF by 80.5% in the 4th quarter. Royal Bank of Canada now owns 4,468 shares of the company’s stock valued at $168,000 after acquiring an additional 1,993 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Franklin FTSE Japan Hedged ETF during the fourth quarter worth $32,000. Wells Fargo & Company MN lifted its position in Franklin FTSE Japan Hedged ETF by 3,942.2% during the fourth quarter. Wells Fargo & Company MN now owns 13,703 shares of the company’s stock valued at $516,000 after purchasing an additional 13,364 shares during the period. Dunhill Financial LLC purchased a new stake in Franklin FTSE Japan Hedged ETF in the fourth quarter valued at $33,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Franklin FTSE Japan Hedged ETF in the fourth quarter valued at $305,000.

Franklin FTSE Japan Hedged ETF Stock Performance

Shares of FLJH stock opened at $40.08 on Wednesday. Franklin FTSE Japan Hedged ETF has a fifty-two week low of $26.01 and a fifty-two week high of $43.35. The firm has a market capitalization of $124.25 million, a PE ratio of 14.42 and a beta of 0.37. The stock’s 50-day simple moving average is $40.85 and its 200-day simple moving average is $39.16.

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.