Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 196,063 shares, a drop of 71.6% from the May 14th total of 689,814 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 279,414 shares, the short-interest ratio is currently 0.7 days.
Franklin FTSE India ETF Price Performance
Shares of NYSEARCA FLIN traded up $0.10 during mid-day trading on Thursday, hitting $34.04. The company had a trading volume of 337,760 shares, compared to its average volume of 838,456. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47. Franklin FTSE India ETF has a 12 month low of $32.20 and a 12 month high of $40.08. The firm’s 50 day simple moving average is $34.75 and its two-hundred day simple moving average is $36.37.
Institutional Trading of Franklin FTSE India ETF
Several hedge funds have recently added to or reduced their stakes in FLIN. 3EDGE Asset Management LP bought a new stake in Franklin FTSE India ETF during the 4th quarter valued at $29,642,000. Axis Capital Holdings Ltd. bought a new stake in Franklin FTSE India ETF during the 4th quarter valued at $14,617,000. Susquehanna International Group LLP bought a new stake in Franklin FTSE India ETF during the 3rd quarter valued at $10,489,000. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE India ETF during the 1st quarter valued at $9,348,000. Finally, Bank of America Corp DE raised its stake in shares of Franklin FTSE India ETF by 121.4% in the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after buying an additional 235,968 shares in the last quarter.
About Franklin FTSE India ETF
The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.
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