Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 723,751 shares, a decline of 61.5% from the May 14th total of 1,877,826 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 856,936 shares, the short-interest ratio is presently 0.8 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FLJP. Creative Planning increased its position in Franklin FTSE Japan ETF by 54.8% during the second quarter. Creative Planning now owns 10,923 shares of the company’s stock worth $351,000 after buying an additional 3,865 shares during the period. JPMorgan Chase & Co. increased its position in Franklin FTSE Japan ETF by 125.6% during the second quarter. JPMorgan Chase & Co. now owns 71,615 shares of the company’s stock worth $2,302,000 after buying an additional 39,875 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Franklin FTSE Japan ETF by 29.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock worth $93,000 after buying an additional 653 shares during the period. Hsbc Holdings PLC acquired a new position in Franklin FTSE Japan ETF during the second quarter worth approximately $499,000. Finally, Baird Financial Group Inc. increased its position in Franklin FTSE Japan ETF by 7.4% during the second quarter. Baird Financial Group Inc. now owns 10,778 shares of the company’s stock worth $347,000 after buying an additional 741 shares during the period.
Franklin FTSE Japan ETF Stock Up 0.6%
FLJP traded up $0.22 during trading on Friday, hitting $39.56. 1,056,683 shares of the stock were exchanged, compared to its average volume of 1,287,053. The firm has a market capitalization of $3.66 billion, a P/E ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 1-year low of $30.54 and a 1-year high of $40.22. The stock has a fifty day moving average price of $38.58 and a two-hundred day moving average price of $37.23.
Franklin FTSE Japan ETF Company Profile
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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