Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Update

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 757,131 shares, a decline of 62.8% from the April 15th total of 2,035,966 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,137,824 shares, the days-to-cover ratio is currently 0.7 days.

Franklin FTSE Japan ETF Stock Down 1.1%

Shares of NYSEARCA FLJP traded down $0.45 during midday trading on Friday, reaching $39.05. 696,844 shares of the company were exchanged, compared to its average volume of 1,345,877. The stock’s 50-day moving average price is $37.26 and its 200-day moving average price is $36.68. The stock has a market cap of $3.61 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a one year low of $30.54 and a one year high of $40.22.

Institutional Trading of Franklin FTSE Japan ETF

Several institutional investors have recently modified their holdings of FLJP. Principal Financial Group Inc. bought a new stake in shares of Franklin FTSE Japan ETF in the first quarter worth $23,938,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE Japan ETF by 4.2% in the third quarter. Bank of America Corp DE now owns 11,836,372 shares of the company’s stock worth $409,065,000 after purchasing an additional 476,703 shares during the last quarter. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the fourth quarter worth $14,100,000. Cercano Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the third quarter worth $13,791,000. Finally, Morningstar Investment Management LLC bought a new stake in shares of Franklin FTSE Japan ETF in the first quarter worth $11,886,000.

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.