Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – What’s Next?

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Monday . Approximately 3,529,177 shares changed hands during mid-day trading, an increase of 323% from the previous session’s volume of 833,808 shares.The stock last traded at $35.96 and had previously closed at $35.47.

Franklin FTSE India ETF Trading Up 1.3%

The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47. The company’s 50 day moving average is $34.95 and its 200-day moving average is $36.18.

Institutional Trading of Franklin FTSE India ETF

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in Franklin FTSE India ETF during the 1st quarter valued at $9,348,000. Jane Street Group LLC increased its holdings in shares of Franklin FTSE India ETF by 46.2% in the first quarter. Jane Street Group LLC now owns 89,994 shares of the company’s stock valued at $3,315,000 after purchasing an additional 28,453 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Franklin FTSE India ETF in the second quarter valued at about $1,610,000. Bank of America Corp DE raised its position in shares of Franklin FTSE India ETF by 115.0% in the second quarter. Bank of America Corp DE now owns 284,146 shares of the company’s stock valued at $11,318,000 after purchasing an additional 151,964 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Franklin FTSE India ETF by 27.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 17,860 shares of the company’s stock worth $711,000 after buying an additional 3,855 shares during the last quarter.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.