Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 414,225 shares, a growth of 111.3% from the May 31st total of 196,063 shares. Based on an average daily volume of 497,390 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin FTSE India ETF

Institutional investors have recently modified their holdings of the business. OLD National Bancorp IN boosted its stake in shares of Franklin FTSE India ETF by 8.0% during the 4th quarter. OLD National Bancorp IN now owns 747,647 shares of the company’s stock worth $28,852,000 after acquiring an additional 55,523 shares during the last quarter. Axis Capital Holdings Ltd. purchased a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth $14,617,000. 3EDGE Asset Management LP bought a new position in Franklin FTSE India ETF in the 4th quarter worth $29,642,000. Knights of Columbus Asset Advisors LLC raised its holdings in Franklin FTSE India ETF by 82.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 34,666 shares of the company’s stock worth $1,338,000 after purchasing an additional 15,700 shares during the period. Finally, Churchill Financial Advisors LLC purchased a new position in Franklin FTSE India ETF during the fourth quarter valued at $1,945,000.

Franklin FTSE India ETF Stock Down 0.4%

Franklin FTSE India ETF stock traded down $0.15 during trading hours on Wednesday, hitting $35.42. The stock had a trading volume of 589,777 shares, compared to its average volume of 918,959. The stock’s 50-day moving average price is $34.95 and its 200-day moving average price is $36.04. Franklin FTSE India ETF has a 12-month low of $32.20 and a 12-month high of $39.99. The stock has a market capitalization of $2.57 billion, a P/E ratio of 22.46 and a beta of 0.47.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.