Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 81,514 shares, an increase of 75.9% from the September 30th total of 46,354 shares. Based on an average trading volume of 7,902 shares, the short-interest ratio is presently 10.3 days. Currently, 4.5% of the company’s stock are short sold.
Franklin FTSE Asia ex Japan ETF Price Performance
Shares of NYSEARCA FLAX traded down $0.89 during mid-day trading on Friday, hitting $33.41. The company had a trading volume of 15,906 shares, compared to its average volume of 9,802. The company has a market capitalization of $66.82 million, a PE ratio of 14.98 and a beta of 0.70. Franklin FTSE Asia ex Japan ETF has a 1-year low of $28.56 and a 1-year high of $39.20. The business’s 50-day simple moving average is $36.05 and its 200 day simple moving average is $34.65.
Hedge Funds Weigh In On Franklin FTSE Asia ex Japan ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FLAX. Corient Private Wealth LP increased its stake in shares of Franklin FTSE Asia ex Japan ETF by 6.1% during the second quarter. Corient Private Wealth LP now owns 25,437 shares of the company’s stock worth $948,000 after buying an additional 1,473 shares during the period. TOP Private Wealth LLC. purchased a new position in Franklin FTSE Asia ex Japan ETF in the second quarter worth approximately $813,000. Retirement Planning Group LLC purchased a new position in Franklin FTSE Asia ex Japan ETF in the third quarter worth approximately $394,000. Finally, Balefire LLC acquired a new position in Franklin FTSE Asia ex Japan ETF during the 1st quarter worth approximately $210,000.
Franklin FTSE Asia ex Japan ETF Company Profile
The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.
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