Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Short Interest Down 64.4% in May

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 38,570 shares, a drop of 64.4% from the May 14th total of 108,233 shares. Based on an average daily trading volume, of 23,746 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin FTSE Japan Hedged ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in Franklin FTSE Japan Hedged ETF in the 4th quarter valued at approximately $32,000. Dunhill Financial LLC acquired a new stake in Franklin FTSE Japan Hedged ETF in the 4th quarter valued at approximately $33,000. Royal Bank of Canada increased its position in shares of Franklin FTSE Japan Hedged ETF by 80.5% during the 4th quarter. Royal Bank of Canada now owns 4,468 shares of the company’s stock worth $168,000 after purchasing an additional 1,993 shares during the last quarter. Maridea Wealth Management LLC acquired a new position in shares of Franklin FTSE Japan Hedged ETF during the 1st quarter worth approximately $209,000. Finally, National Bank of Canada FI increased its position in shares of Franklin FTSE Japan Hedged ETF by 15.7% during the 3rd quarter. National Bank of Canada FI now owns 5,486 shares of the company’s stock worth $197,000 after purchasing an additional 743 shares during the last quarter.

Franklin FTSE Japan Hedged ETF Stock Performance

Franklin FTSE Japan Hedged ETF stock traded up $0.36 during midday trading on Friday, reaching $44.77. The stock had a trading volume of 16,146 shares, compared to its average volume of 33,516. The firm’s fifty day simple moving average is $43.26 and its 200-day simple moving average is $41.14. Franklin FTSE Japan Hedged ETF has a 1-year low of $31.21 and a 1-year high of $45.74. The stock has a market capitalization of $152.22 million, a P/E ratio of 14.42 and a beta of 0.36.

Franklin FTSE Japan Hedged ETF Company Profile

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.