Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Update

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 335,760 shares, an increase of 45.9% from the February 12th total of 230,175 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average trading volume of 587,581 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 587,581 shares, the short-interest ratio is presently 0.6 days. Approximately 3.8% of the company’s stock are sold short.

Franklin FTSE South Korea ETF Stock Up 0.6%

NYSEARCA FLKR traded up $0.25 during trading hours on Friday, hitting $40.25. 383,959 shares of the company were exchanged, compared to its average volume of 441,866. The company has a 50 day moving average of $40.71 and a two-hundred day moving average of $33.34. Franklin FTSE South Korea ETF has a 52-week low of $16.54 and a 52-week high of $49.95. The firm has a market cap of $358.23 million, a price-to-earnings ratio of 10.49 and a beta of 1.23.

Institutional Trading of Franklin FTSE South Korea ETF

Several hedge funds have recently added to or reduced their stakes in FLKR. Bank of Montreal Can purchased a new position in Franklin FTSE South Korea ETF in the second quarter worth approximately $177,000. Cercano Management LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter valued at approximately $7,117,000. Inspire Advisors LLC raised its holdings in shares of Franklin FTSE South Korea ETF by 78.3% in the 2nd quarter. Inspire Advisors LLC now owns 55,655 shares of the company’s stock valued at $1,360,000 after purchasing an additional 24,443 shares in the last quarter. Lumbard & Kellner LLC acquired a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter valued at $2,661,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Franklin FTSE South Korea ETF by 8.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,983 shares of the company’s stock worth $308,000 after purchasing an additional 826 shares during the last quarter.

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.