Franklin FTSE Canada ETF (NYSEARCA:FLCA – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 385,049 shares, a growth of 296.1% from the August 15th total of 97,201 shares. Based on an average daily trading volume, of 63,518 shares, the short-interest ratio is presently 6.1 days. Approximately 2.5% of the shares of the company are short sold.
Franklin FTSE Canada ETF Price Performance
Shares of Franklin FTSE Canada ETF stock opened at $54.06 on Monday. The firm has a market capitalization of $821.71 million, a PE ratio of 19.67 and a beta of 0.85. The company’s fifty day moving average price is $54.01 and its two-hundred day moving average price is $52.18. Franklin FTSE Canada ETF has a 52-week low of $44.17 and a 52-week high of $55.96.
Institutional Trading of Franklin FTSE Canada ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Franklin FTSE Canada ETF by 20.4% during the first quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock worth $208,080,000 after purchasing an additional 720,745 shares during the period. Royal Bank of Canada lifted its holdings in shares of Franklin FTSE Canada ETF by 520.4% during the fourth quarter. Royal Bank of Canada now owns 272,728 shares of the company’s stock valued at $13,173,000 after acquiring an additional 228,769 shares during the period. ES4 LLC bought a new position in shares of Franklin FTSE Canada ETF during the fourth quarter valued at $4,588,000. Wells Fargo & Company MN boosted its stake in shares of Franklin FTSE Canada ETF by 2,881,250.0% in the 4th quarter. Wells Fargo & Company MN now owns 57,627 shares of the company’s stock valued at $2,783,000 after purchasing an additional 57,625 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Franklin FTSE Canada ETF by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,970,219 shares of the company’s stock valued at $95,162,000 after purchasing an additional 44,927 shares in the last quarter.
Franklin FTSE Canada ETF Company Profile
The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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