Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 843 shares, a decline of 57.9% from the May 14th total of 2,002 shares. Based on an average trading volume of 1,511 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold.
Franklin FTSE Saudi Arabia ETF Trading Up 2.0%
Shares of NYSEARCA FLSA opened at $33.84 on Friday. The stock has a 50 day simple moving average of $33.64 and a 200-day simple moving average of $32.97. The company has a market cap of $5.08 million, a PE ratio of 15.61 and a beta of 0.27. Franklin FTSE Saudi Arabia ETF has a 12-month low of $30.88 and a 12-month high of $35.38.
Hedge Funds Weigh In On Franklin FTSE Saudi Arabia ETF
A hedge fund recently raised its stake in Franklin FTSE Saudi Arabia ETF stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA – Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,244 shares of the company’s stock after buying an additional 719 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 4.50% of Franklin FTSE Saudi Arabia ETF worth $353,000 at the end of the most recent reporting period.
About Franklin FTSE Saudi Arabia ETF
The Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that is based on the FTSE Saudi Arabia RIC Capped index, a market-cap-weighted index of Saudi Arabian equities, excluding small-caps. FLSA was launched on Oct 9, 2018 and is managed by Franklin Templeton.
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