Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 253,190 shares, a decline of 35.8% from the July 30th total of 394,257 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 205,542 shares, the short-interest ratio is currently 1.2 days.

Franklin FTSE India ETF Trading Down 0.3%

FLIN traded down $0.11 during midday trading on Tuesday, hitting $35.56. The company’s stock had a trading volume of 364,152 shares, compared to its average volume of 808,817. The firm has a market cap of $2.65 billion, a P/E ratio of 22.46 and a beta of 0.47. The firm has a 50-day moving average price of $35.51 and a two-hundred day moving average price of $35.27. Franklin FTSE India ETF has a 52-week low of $32.20 and a 52-week high of $39.85.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of large investors have recently bought and sold shares of FLIN. 3EDGE Asset Management LP purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth $29,642,000. Bank of America Corp DE boosted its position in shares of Franklin FTSE India ETF by 121.4% in the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after buying an additional 235,968 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in shares of Franklin FTSE India ETF by 82.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 34,666 shares of the company’s stock valued at $1,338,000 after buying an additional 15,700 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Franklin FTSE India ETF by 30.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock valued at $2,097,000 after acquiring an additional 14,499 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Franklin FTSE India ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 136,116 shares of the company’s stock valued at $4,522,000 after purchasing an additional 22,146 shares in 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.