Franklin FTSE South Korea ETF (NYSEARCA:FLKR – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 868,675 shares, an increase of 166.2% from the September 30th total of 326,380 shares. Based on an average trading volume of 915,715 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.6% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Marotta Asset Management lifted its stake in Franklin FTSE South Korea ETF by 3.8% during the 3rd quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock valued at $4,105,000 after acquiring an additional 2,498 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new position in Franklin FTSE South Korea ETF during the 1st quarter worth $1,334,000. Boltwood Capital Management purchased a new position in Franklin FTSE South Korea ETF during the 3rd quarter worth $1,505,000. Hsbc Holdings PLC bought a new stake in shares of Franklin FTSE South Korea ETF in the 4th quarter worth $722,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Franklin FTSE South Korea ETF in the 3rd quarter worth $1,142,000.
Franklin FTSE South Korea ETF Stock Performance
Shares of FLKR opened at $50.42 on Friday. The stock has a 50 day moving average price of $57.74 and a two-hundred day moving average price of $52.94. The firm has a market capitalization of $1.75 billion, a P/E ratio of 10.49 and a beta of 1.51. Franklin FTSE South Korea ETF has a 52 week low of $29.06 and a 52 week high of $72.49.
About Franklin FTSE South Korea ETF
The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.
Further Reading
- Five stocks we like better than Franklin FTSE South Korea ETF
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
- The Factories Behind AI Servers Just Raised Their Outlooks—3 Contract Manufacturers to Watch
- MarketBeat Week in Review – 10/26 – 10/30
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
Receive News & Ratings for Franklin FTSE South Korea ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin FTSE South Korea ETF and related companies with MarketBeat.com's FREE daily email newsletter.
