Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Significant Growth in Short Interest

Franklin FTSE India ETF (NYSEARCA:FLIN) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 394,257 shares, a growth of 85.3% from the July 15th total of 212,779 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 636,447 shares, the days-to-cover ratio is currently 0.6 days.

Franklin FTSE India ETF Price Performance

Shares of Franklin FTSE India ETF stock opened at $35.65 on Tuesday. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.85. The firm has a market cap of $2.65 billion, a PE ratio of 22.46 and a beta of 0.47. The stock has a fifty day moving average price of $35.36 and a 200-day moving average price of $35.41.

Hedge Funds Weigh In On Franklin FTSE India ETF

Institutional investors have recently added to or reduced their stakes in the stock. OLD National Bancorp IN raised its position in Franklin FTSE India ETF by 8.0% in the fourth 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 period. 3EDGE Asset Management LP bought a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $29,642,000. Axis Capital Holdings Ltd. bought a new position in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $14,617,000. Knights of Columbus Asset Advisors LLC increased its stake in shares of Franklin FTSE India ETF by 82.8% during 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 last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Franklin FTSE India ETF by 30.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock worth $2,097,000 after purchasing an additional 14,499 shares during the last quarter.

Franklin FTSE India ETF Company Profile

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.