Franklin FTSE China ETF (NYSEARCA:FLCH – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 746,927 shares, an increase of 76.6% from the September 15th total of 423,068 shares. Based on an average daily trading volume, of 51,870 shares, the short-interest ratio is currently 14.4 days. Approximately 5.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FLCH. Ascent Advisors LLC purchased a new position in shares of Franklin FTSE China ETF during the first quarter valued at about $163,000. Balefire LLC increased its holdings in shares of Franklin FTSE China ETF by 15.3% in the 3rd quarter. Balefire LLC now owns 12,241 shares of the company’s stock worth $253,000 after purchasing an additional 1,628 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Franklin FTSE China ETF in the 4th quarter worth about $404,000. Boltwood Capital Management raised its stake in Franklin FTSE China ETF by 18.0% during the 2nd quarter. Boltwood Capital Management now owns 50,475 shares of the company’s stock valued at $1,030,000 after buying an additional 7,700 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Franklin FTSE China ETF by 242.3% during the 1st quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock valued at $1,529,000 after purchasing an additional 48,336 shares during the period.
Franklin FTSE China ETF Trading Down 1.0%
Shares of Franklin FTSE China ETF stock traded down $0.21 during trading on Friday, hitting $20.21. The stock had a trading volume of 75,073 shares, compared to its average volume of 123,827. The firm has a market cap of $278.90 million, a price-to-earnings ratio of 12.83 and a beta of 0.34. Franklin FTSE China ETF has a 12 month low of $20.01 and a 12 month high of $25.98. The business’s 50-day moving average is $21.25 and its 200 day moving average is $21.78.
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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