Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 732,648 shares, a growth of 100.1% from the September 15th total of 366,086 shares. Based on an average trading volume of 761,757 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are sold short.
Franklin FTSE Japan ETF Stock Performance
Franklin FTSE Japan ETF stock traded down $0.47 during trading on Wednesday, reaching $40.94. The company had a trading volume of 112,044 shares, compared to its average volume of 1,138,679. Franklin FTSE Japan ETF has a 12-month low of $34.07 and a 12-month high of $42.42. The stock’s 50 day moving average price is $41.27 and its two-hundred day moving average price is $39.73. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 14.28 and a beta of 0.68.
Hedge Funds Weigh In On Franklin FTSE Japan ETF
A number of hedge funds have recently made changes to their positions in FLJP. Bank of America Corp DE grew its stake in shares of Franklin FTSE Japan ETF by 12.4% during the 1st quarter. Bank of America Corp DE now owns 13,696,433 shares of the company’s stock valued at $495,537,000 after buying an additional 1,515,922 shares during the period. Citadel Advisors LLC raised its position in shares of Franklin FTSE Japan ETF by 1,509.9% in the 2nd quarter. Citadel Advisors LLC now owns 1,125,309 shares of the company’s stock worth $44,731,000 after buying an additional 1,055,408 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Franklin FTSE Japan ETF in the 1st quarter worth $23,938,000. Janney Montgomery Scott LLC boosted its holdings in Franklin FTSE Japan ETF by 345.8% in the first quarter. Janney Montgomery Scott LLC now owns 351,887 shares of the company’s stock valued at $12,731,000 after acquiring an additional 272,950 shares during the last quarter. Finally, Morningstar Investment Management LLC acquired a new position in Franklin FTSE Japan ETF in the first quarter valued at $11,886,000.
About Franklin FTSE Japan ETF
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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