Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,187,263 shares, a decline of 34.9% from the August 15th total of 1,822,823 shares. Based on an average trading volume of 628,100 shares, the short-interest ratio is presently 1.9 days. Approximately 1.2% of the shares of the stock are short sold.
Franklin FTSE Japan ETF Price Performance
NYSEARCA FLJP traded up $0.34 during trading hours on Thursday, reaching $41.67. 350,710 shares of the stock traded hands, compared to its average volume of 1,163,751. The stock has a 50 day simple moving average of $40.45 and a two-hundred day simple moving average of $39.07. Franklin FTSE Japan ETF has a 1 year low of $33.64 and a 1 year high of $42.03. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 14.28 and a beta of 0.66.
Hedge Funds Weigh In On Franklin FTSE Japan ETF
Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Franklin FTSE Japan ETF by 5.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,968 shares of the company’s stock valued at $171,000 after acquiring an additional 266 shares during the last quarter. IFP Advisors Inc grew its position in Franklin FTSE Japan ETF by 2.1% during the 2nd quarter. IFP Advisors Inc now owns 13,605 shares of the company’s stock worth $541,000 after acquiring an additional 281 shares during the last quarter. Paces Ferry Wealth Advisors LLC grew its position in Franklin FTSE Japan ETF by 2.8% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 11,381 shares of the company’s stock worth $412,000 after acquiring an additional 312 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Franklin FTSE Japan ETF by 4.8% in the 1st quarter. Arkadios Wealth Advisors now owns 7,880 shares of the company’s stock worth $285,000 after purchasing an additional 364 shares during the period. Finally, Mittelman Wealth Management increased its stake in Franklin FTSE Japan ETF by 0.4% in the 1st quarter. Mittelman Wealth Management now owns 102,476 shares of the company’s stock worth $3,708,000 after purchasing an additional 368 shares during the period.
Franklin FTSE Japan ETF Company Profile
The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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