Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 23,025 shares, a drop of 85.5% from the October 15th total of 158,504 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 221,416 shares, the short-interest ratio is presently 0.1 days.
Franklin FTSE India ETF Price Performance
FLIN stock opened at $36.89 on Wednesday. The company has a 50 day moving average price of $34.38 and a 200 day moving average price of $35.19. Franklin FTSE India ETF has a fifty-two week low of $32.20 and a fifty-two week high of $39.43. The stock has a market capitalization of $2.74 billion, a PE ratio of 21.26 and a beta of 0.49.
Hedge Funds Weigh In On Franklin FTSE India ETF
Several hedge funds have recently added to or reduced their stakes in the company. New York Life Investment Management LLC bought a new stake in Franklin FTSE India ETF during the 3rd quarter worth about $20,491,000. Bank of America Corp DE boosted its stake in shares of Franklin FTSE India ETF by 121.4% in 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 during the last quarter. Juncture Wealth Strategies LLC acquired a new stake in shares of Franklin FTSE India ETF during the 3rd quarter worth approximately $3,863,000. Tidal Investments LLC acquired a new stake in shares of Franklin FTSE India ETF during the 2nd quarter worth approximately $3,095,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Franklin FTSE India ETF during the first quarter worth approximately $2,112,000.
About Franklin FTSE India ETF
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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