Franklin FTSE China ETF (NYSEARCA:FLCH – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 470,315 shares, an increase of 255.4% from the August 15th total of 132,352 shares. Based on an average daily volume of 76,008 shares, the short-interest ratio is presently 6.2 days. Currently, 3.4% of the company’s shares are short sold.
Franklin FTSE China ETF Stock Performance
NYSEARCA:FLCH traded up $0.03 during trading hours on Friday, reaching $20.97. The company’s stock had a trading volume of 61,101 shares, compared to its average volume of 133,078. The firm has a market capitalization of $289.39 million, a price-to-earnings ratio of 12.83 and a beta of 0.35. The firm has a 50-day simple moving average of $21.62 and a 200-day simple moving average of $22.19. Franklin FTSE China ETF has a 1 year low of $20.01 and a 1 year high of $26.51.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of FLCH. Comerica Bank bought a new stake in shares of Franklin FTSE China ETF in the 3rd quarter valued at about $25,000. Advisory Services Network LLC bought a new position in Franklin FTSE China ETF during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in Franklin FTSE China ETF by 422.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,127 shares of the company’s stock worth $155,000 after acquiring an additional 5,762 shares during the last quarter. Ascent Advisors LLC purchased a new position in Franklin FTSE China ETF in the 1st quarter worth approximately $163,000. Finally, Arsenal Capital Advisors LLC purchased a new position in Franklin FTSE China ETF in the 4th quarter worth approximately $223,000.
About Franklin FTSE China ETF
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.
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