Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 261,850 shares, a growth of 613.0% from the August 31st total of 36,725 shares. Based on an average daily volume of 208,827 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the company’s stock are short sold.
Institutional Trading of Franklin FTSE India ETF
Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Franklin FTSE India ETF by 121.4% during the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares in the last quarter. Royal Bank of Canada increased its position in Franklin FTSE India ETF by 19.4% during the first quarter. Royal Bank of Canada now owns 136,116 shares of the company’s stock worth $4,522,000 after buying an additional 22,146 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Franklin FTSE India ETF by 82.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 34,666 shares of the company’s stock valued at $1,338,000 after buying an additional 15,700 shares in the last quarter. Tidal Investments LLC bought a new position in Franklin FTSE India ETF during the second quarter valued at about $3,095,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Franklin FTSE India ETF by 30.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock valued at $2,097,000 after buying an additional 14,499 shares in the last quarter.
Franklin FTSE India ETF Stock Performance
Shares of NYSEARCA FLIN traded up $0.20 during trading hours on Friday, hitting $34.44. The stock had a trading volume of 204,585 shares, compared to its average volume of 749,717. The company has a market capitalization of $2.57 billion, a P/E ratio of 22.46 and a beta of 0.46. The firm’s 50-day moving average price is $35.35 and its two-hundred day moving average price is $34.98. Franklin FTSE India ETF has a 52 week low of $32.20 and a 52 week high of $39.85.
Franklin FTSE India ETF Company Profile
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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