Franklin FTSE Japan ETF (NYSEARCA:FLJP) Stock Short Interest Declines 69.2%

Franklin FTSE Japan ETF (NYSEARCA:FLJP) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 366,086 shares, a decline of 69.2% from the August 31st total of 1,187,263 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 847,588 shares, the days-to-cover ratio is currently 0.4 days.

Franklin FTSE Japan ETF Stock Performance

NYSEARCA FLJP traded up $0.85 on Friday, hitting $41.66. 704,899 shares of the stock traded hands, compared to its average volume of 1,154,317. The business’s fifty day moving average is $40.69 and its two-hundred day moving average is $39.26. Franklin FTSE Japan ETF has a 12 month low of $33.64 and a 12 month high of $42.06. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66.

Institutional Trading of Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in Franklin FTSE Japan ETF by 12.4% during the 1st quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after buying an additional 1,515,922 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Franklin FTSE Japan ETF by 1,509.9% in the second quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock worth $44,731,000 after buying an additional 1,055,408 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Franklin FTSE Japan ETF in the first quarter worth about $23,938,000. Janney Montgomery Scott LLC boosted its position in shares of Franklin FTSE Japan ETF by 345.8% in the first quarter. Janney Montgomery Scott LLC now owns 351,887 shares of the company’s stock valued at $12,731,000 after acquiring an additional 272,950 shares during the period. Finally, Morningstar Investment Management LLC bought a new position in shares of Franklin FTSE Japan ETF in the first quarter valued at approximately $11,886,000.

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.