Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Down 73.4% in June

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 192,809 shares, a drop of 73.4% from the May 31st total of 723,751 shares. Based on an average daily volume of 1,187,022 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Franklin FTSE Japan ETF Price Performance

Shares of FLJP stock traded down $0.34 during trading on Friday, reaching $39.63. The company’s stock had a trading volume of 1,022,970 shares, compared to its average volume of 1,262,478. Franklin FTSE Japan ETF has a 1-year low of $30.77 and a 1-year high of $41.53. The stock’s 50-day moving average price is $39.15 and its 200 day moving average price is $37.58. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

Several institutional investors have recently modified their holdings of FLJP. Harbor Capital Advisors Inc. purchased a new position in Franklin FTSE Japan ETF in the fourth quarter valued at $10,113,000. Tradewinds Capital Management LLC purchased a new stake in Franklin FTSE Japan ETF during the 4th quarter worth about $14,100,000. Westview Management dba Westview Investment Advisors purchased a new stake in Franklin FTSE Japan ETF during the 4th quarter worth about $4,631,000. UBS Group AG raised its position in Franklin FTSE Japan ETF by 156.2% in the 4th quarter. UBS Group AG now owns 530,644 shares of the company’s stock valued at $18,281,000 after purchasing an additional 323,509 shares in the last quarter. Finally, ES4 LLC purchased a new position in shares of Franklin FTSE Japan ETF in the 4th quarter valued at about $6,665,000.

Franklin FTSE Japan ETF Company Profile

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.