Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Significant Decline in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 6,518 shares, a decline of 92.0% from the October 15th total of 81,514 shares. Based on an average trading volume of 27,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Franklin FTSE Asia ex Japan ETF Trading Down 0.7%

NYSEARCA:FLAX traded down $0.24 during trading hours on Tuesday, reaching $33.10. 26,717 shares of the company traded hands, compared to its average volume of 12,312. The stock has a market capitalization of $66.20 million, a P/E ratio of 14.98 and a beta of 0.73. Franklin FTSE Asia ex Japan ETF has a 1 year low of $28.56 and a 1 year high of $39.20. The business’s 50-day moving average price is $35.63 and its two-hundred day moving average price is $34.71.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLAX. Balefire LLC purchased a new stake in Franklin FTSE Asia ex Japan ETF during the 1st quarter valued at $210,000. Retirement Planning Group LLC grew its stake in shares of Franklin FTSE Asia ex Japan ETF by 8.0% during the 1st quarter. Retirement Planning Group LLC now owns 8,408 shares of the company’s stock valued at $257,000 after purchasing an additional 620 shares during the period. Lido Advisors LLC purchased a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 3rd quarter valued at about $339,000. TOP Private Wealth LLC. purchased a new position in shares of Franklin FTSE Asia ex Japan ETF in the second quarter worth approximately $813,000. Finally, Corient Private Wealth LP increased its holdings in Franklin FTSE Asia ex Japan ETF by 6.1% during the second quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock valued at $948,000 after buying an additional 1,473 shares during the last quarter.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.