Franklin FTSE South Korea ETF (NYSEARCA:FLKR – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 868,675 shares, a growth of 166.2% from the September 30th total of 326,380 shares. Based on an average trading volume of 915,715 shares, the short-interest ratio is currently 0.9 days. Currently, 2.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Franklin FTSE South Korea ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Spartan Wealth Advisory Services LLC bought a new position in Franklin FTSE South Korea ETF during the first quarter worth $1,334,000. Boltwood Capital Management acquired a new stake in Franklin FTSE South Korea ETF in the third quarter worth $1,505,000. Hsbc Holdings PLC acquired a new stake in Franklin FTSE South Korea ETF in the fourth quarter worth $722,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Franklin FTSE South Korea ETF in the third quarter valued at $1,142,000. Finally, Wealthfront Advisers LLC bought a new stake in Franklin FTSE South Korea ETF in the first quarter valued at $723,000.
Franklin FTSE South Korea ETF Stock Performance
Shares of NYSEARCA:FLKR traded down $1.41 during trading on Thursday, reaching $53.18. The stock had a trading volume of 818,678 shares, compared to its average volume of 702,863. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 10.49 and a beta of 1.51. Franklin FTSE South Korea ETF has a 52 week low of $29.06 and a 52 week high of $72.49. The firm’s fifty day moving average is $58.00 and its 200 day moving average is $52.78.
About Franklin FTSE South Korea ETF
The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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