Franklin FTSE China ETF (NYSEARCA:FLCH – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 746,927 shares, an increase of 76.6% from the September 15th total of 423,068 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 51,870 shares, the days-to-cover ratio is presently 14.4 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Balefire LLC boosted its stake in Franklin FTSE China ETF by 15.3% during the third quarter. Balefire LLC now owns 12,241 shares of the company’s stock worth $253,000 after buying an additional 1,628 shares during the period. Boltwood Capital Management acquired a new stake in shares of Franklin FTSE China ETF during the third quarter valued at about $1,107,000. Envestnet Asset Management Inc. increased its position in shares of Franklin FTSE China ETF by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 569,173 shares of the company’s stock valued at $11,619,000 after acquiring an additional 24,543 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Franklin FTSE China ETF by 242.3% in the 1st quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock valued at $1,529,000 after acquiring an additional 48,336 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Franklin FTSE China ETF by 51.7% in the 1st quarter. Cetera Investment Advisers now owns 352,175 shares of the company’s stock valued at $7,885,000 after acquiring an additional 120,062 shares during the period.
Franklin FTSE China ETF Stock Performance
Shares of NYSEARCA FLCH traded up $0.03 during mid-day trading on Thursday, reaching $20.36. 24,099 shares of the company’s stock were exchanged, compared to its average volume of 123,757. The company’s 50-day moving average is $21.28 and its 200-day moving average is $21.80. The firm has a market capitalization of $289.04 million, a price-to-earnings ratio of 12.83 and a beta of 0.34. Franklin FTSE China ETF has a 52-week low of $20.01 and a 52-week high of $25.98.
About Franklin FTSE China ETF
The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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