Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 212,779 shares, a decline of 93.0% from the June 30th total of 3,037,463 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,006,305 shares, the days-to-cover ratio is currently 0.2 days.
Franklin FTSE India ETF Trading Up 0.9%
NYSEARCA FLIN traded up $0.31 on Friday, hitting $34.51. 3,560,303 shares of the stock traded hands, compared to its average volume of 918,018. The stock has a 50-day moving average of $34.92 and a 200 day moving average of $35.64. Franklin FTSE India ETF has a twelve month low of $32.20 and a twelve month high of $39.85. The company has a market capitalization of $2.68 billion, a P/E ratio of 22.46 and a beta of 0.47.
Institutional Investors Weigh In On Franklin FTSE India ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in Franklin FTSE India ETF in the first quarter worth $9,348,000. Jane Street Group LLC lifted its position in shares of Franklin FTSE India ETF by 46.2% in the 1st quarter. Jane Street Group LLC now owns 89,994 shares of the company’s stock worth $3,315,000 after buying an additional 28,453 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Franklin FTSE India ETF in the 2nd quarter worth about $1,610,000. Bank of America Corp DE lifted its position in shares of Franklin FTSE India ETF by 115.0% in the 2nd quarter. Bank of America Corp DE now owns 284,146 shares of the company’s stock worth $11,318,000 after buying an additional 151,964 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Franklin FTSE India ETF by 27.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 17,860 shares of the company’s stock valued at $711,000 after buying an additional 3,855 shares during the period.
Franklin FTSE India ETF Company Profile
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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