Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Decline in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 86,550 shares, a drop of 81.5% from the February 12th total of 467,629 shares. Based on an average daily volume of 103,829 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 103,829 shares, the short-interest ratio is currently 0.8 days.

Franklin FTSE Canada ETF Trading Down 0.3%

NYSEARCA:FLCA traded down $0.14 during trading hours on Tuesday, hitting $50.58. 50,375 shares of the stock traded hands, compared to its average volume of 89,008. The firm has a 50 day moving average price of $49.87 and a 200 day moving average price of $47.25. Franklin FTSE Canada ETF has a fifty-two week low of $33.59 and a fifty-two week high of $52.02. The firm has a market cap of $634.78 million, a price-to-earnings ratio of 19.67 and a beta of 0.93.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Franklin FTSE Canada ETF by 520.4% in the 4th quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after buying an additional 228,769 shares in the last quarter. ES4 LLC bought a new position in Franklin FTSE Canada ETF during the fourth quarter valued at approximately $4,588,000. Wells Fargo & Company MN raised its position in Franklin FTSE Canada ETF by 2,881,250.0% during the fourth quarter. Wells Fargo & Company MN now owns 57,627 shares of the company’s stock valued at $2,783,000 after acquiring an additional 57,625 shares in the last quarter. Bank of America Corp DE lifted its stake in Franklin FTSE Canada ETF by 1.5% in the third quarter. Bank of America Corp DE now owns 3,506,742 shares of the company’s stock valued at $159,216,000 after acquiring an additional 51,324 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Franklin FTSE Canada ETF by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after acquiring an additional 44,927 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.