Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Decrease in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 425,408 shares, a drop of 45.2% from the April 15th total of 775,669 shares. Based on an average trading volume of 570,113 shares, the short-interest ratio is currently 0.7 days. Currently, 2.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Hedge funds have recently modified their holdings of the stock. Cercano Management LLC acquired a new position in shares of Franklin FTSE South Korea ETF in the 3rd quarter valued at about $7,117,000. Miller Global Investments LLC bought a new stake in Franklin FTSE South Korea ETF in the fourth quarter worth $436,000. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE South Korea ETF during the 4th quarter worth about $824,000. Lumbard & Kellner LLC bought a new stake in Franklin FTSE South Korea ETF during the third quarter worth approximately $2,661,000. Finally, Fiduciary Financial Group LLC acquired a new position in Franklin FTSE South Korea ETF during the 4th quarter worth $204,000.

Franklin FTSE South Korea ETF Trading Down 5.7%

FLKR traded down $3.53 during trading hours on Friday, hitting $58.06. The company’s stock had a trading volume of 407,497 shares, compared to its average volume of 523,558. The firm has a market capitalization of $859.29 million, a PE ratio of 10.49 and a beta of 1.39. Franklin FTSE South Korea ETF has a fifty-two week low of $19.91 and a fifty-two week high of $62.92. The company has a 50-day simple moving average of $46.92 and a 200 day simple moving average of $39.54.

About Franklin FTSE South Korea ETF

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.