Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Shares Shorted: Short Interest Up 75.9% in October

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 81,514 shares, an increase of 75.9% from the September 30th total of 46,354 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average trading volume of 7,902 shares, the days-to-cover ratio is currently 10.3 days.

Franklin FTSE Asia ex Japan ETF Stock Performance

Shares of FLAX stock traded up $0.13 on Tuesday, hitting $33.64. The company’s stock had a trading volume of 575 shares, compared to its average volume of 9,747. Franklin FTSE Asia ex Japan ETF has a fifty-two week low of $28.56 and a fifty-two week high of $39.20. The company has a market capitalization of $67.28 million, a PE ratio of 14.98 and a beta of 0.70. The stock’s 50 day moving average is $35.99 and its 200-day moving average is $34.66.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLAX. Retirement Planning Group LLC increased its holdings in Franklin FTSE Asia ex Japan ETF by 8.0% in the 1st quarter. Retirement Planning Group LLC now owns 8,408 shares of the company’s stock valued at $257,000 after buying an additional 620 shares during the period. Corient Private Wealth LP raised its position in shares of Franklin FTSE Asia ex Japan ETF by 6.1% in the 2nd quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock valued at $948,000 after buying an additional 1,473 shares in the last quarter. Balefire LLC bought a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 1st quarter worth approximately $210,000. Finally, TOP Private Wealth LLC. bought a new stake in shares of Franklin FTSE Asia ex Japan ETF during the 2nd quarter worth approximately $813,000.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.