Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Increase in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 1,877,826 shares, a growth of 148.0% from the April 30th total of 757,131 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 1,088,231 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Franklin FTSE Japan ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $25,000. Sunbelt Securities Inc. boosted its holdings in shares of Franklin FTSE Japan ETF by 475.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock worth $40,000 after buying an additional 950 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $41,000. Flagship Harbor Advisors LLC bought a new stake in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $59,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Franklin FTSE Japan ETF by 40.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after buying an additional 522 shares during the period.

Franklin FTSE Japan ETF Price Performance

FLJP stock traded down $0.12 during trading hours on Monday, reaching $39.67. The stock had a trading volume of 1,000,348 shares, compared to its average volume of 1,299,796. The stock has a market capitalization of $3.67 billion, a PE ratio of 14.28 and a beta of 0.65. The stock has a 50-day simple moving average of $37.92 and a 200 day simple moving average of $36.97. Franklin FTSE Japan ETF has a fifty-two week low of $30.54 and a fifty-two week high of $40.22.

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.