Franklin FTSE South Korea ETF (NYSEARCA:FLKR – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 136,712 shares, a drop of 64.8% from the June 15th total of 388,689 shares. Based on an average daily volume of 1,088,559 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s stock are short sold.
Institutional Investors Weigh In On Franklin FTSE South Korea ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Franklin FTSE South Korea ETF by 492.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock worth $5,734,000 after purchasing an additional 148,714 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Franklin FTSE South Korea ETF during the second quarter worth about $4,140,000. Empowered Funds LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the 4th quarter valued at about $5,104,000. Bank of Nova Scotia lifted its holdings in shares of Franklin FTSE South Korea ETF by 26.4% in the 4th quarter. Bank of Nova Scotia now owns 122,730 shares of the company’s stock valued at $3,972,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Franklin FTSE South Korea ETF by 1,154.9% in the 4th quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock valued at $3,473,000 after purchasing an additional 99,728 shares during the period.
Franklin FTSE South Korea ETF Price Performance
Shares of NYSEARCA:FLKR traded down $1.79 during trading on Wednesday, hitting $55.99. 1,582,766 shares of the company were exchanged, compared to its average volume of 626,599. The firm’s 50 day moving average price is $62.47 and its 200-day moving average price is $49.02. Franklin FTSE South Korea ETF has a 12-month low of $23.88 and a 12-month high of $72.49. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.49 and a beta of 1.46.
Franklin FTSE South Korea ETF Company Profile
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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