Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Up 19.0% in February

Franklin FTSE China ETF (NYSEARCA:FLCH) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,222,565 shares, a growth of 19.0% from the January 29th total of 1,027,267 shares. Based on an average daily volume of 138,182 shares, the short-interest ratio is currently 8.8 days. Approximately 10.5% of the shares of the company are sold short. Approximately 10.5% of the shares of the company are sold short. Based on an average daily volume of 138,182 shares, the short-interest ratio is currently 8.8 days.

Franklin FTSE China ETF Stock Performance

Shares of NYSEARCA FLCH traded up $0.04 during trading on Wednesday, hitting $22.88. The company had a trading volume of 169,023 shares, compared to its average volume of 141,607. Franklin FTSE China ETF has a 12 month low of $17.59 and a 12 month high of $26.51. The firm has a market capitalization of $265.41 million, a P/E ratio of 12.83 and a beta of 0.27. The stock has a 50 day simple moving average of $24.42 and a 200 day simple moving average of $24.73.

Hedge Funds Weigh In On Franklin FTSE China ETF

Several large investors have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Franklin FTSE China ETF by 3,125.3% in the fourth quarter. Assetmark Inc. now owns 1,025,288 shares of the company’s stock worth $24,402,000 after purchasing an additional 993,499 shares during the period. Vident Advisory LLC purchased a new position in shares of Franklin FTSE China ETF during the 4th quarter valued at $6,908,000. Cetera Investment Advisers bought a new position in Franklin FTSE China ETF in the 4th quarter worth $5,524,000. Main Management ETF Advisors LLC bought a new position in Franklin FTSE China ETF in the 4th quarter worth $4,716,000. Finally, Royal Bank of Canada purchased a new stake in Franklin FTSE China ETF in the 1st quarter worth $3,909,000.

Franklin FTSE China ETF Company Profile

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