Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Decrease in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 45,685 shares, a drop of 52.5% from the September 30th total of 96,124 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 33,738 shares, the days-to-cover ratio is presently 1.4 days.

Franklin FTSE Canada ETF Stock Performance

Shares of FLCA traded down $0.72 during mid-day trading on Friday, hitting $54.17. 23,208 shares of the company traded hands, compared to its average volume of 63,269. The stock has a 50-day moving average price of $53.96 and a two-hundred day moving average price of $52.07. Franklin FTSE Canada ETF has a 1 year low of $44.17 and a 1 year high of $55.96. The stock has a market cap of $855.89 million, a price-to-earnings ratio of 19.67 and a beta of 0.86.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

A number of hedge funds have recently added to or reduced their stakes in FLCA. TD Waterhouse Canada Inc. grew its holdings in shares of Franklin FTSE Canada ETF by 564.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock worth $60,000 after acquiring an additional 987 shares during the period. Boltwood Capital Management purchased a new position in Franklin FTSE Canada ETF in the third quarter worth about $211,000. Quantinno Capital Management LP bought a new stake in shares of Franklin FTSE Canada ETF during the 1st quarter valued at about $231,000. Aureum Wealth Management LLC increased its position in shares of Franklin FTSE Canada ETF by 2.7% during the 2nd quarter. Aureum Wealth Management LLC now owns 55,037 shares of the company’s stock valued at $2,833,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Innealta Capital LLC increased its position in shares of Franklin FTSE Canada ETF by 3.8% during the 1st quarter. Innealta Capital LLC now owns 74,760 shares of the company’s stock valued at $3,659,000 after purchasing an additional 2,769 shares during the last quarter.

Franklin FTSE Canada ETF Company Profile

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.