Franklin FTSE Canada ETF (NYSEARCA:FLCA – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 96,124 shares, a decline of 73.7% from the September 15th total of 365,696 shares. Based on an average daily trading volume, of 70,208 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Boltwood Capital Management purchased a new position in Franklin FTSE Canada ETF during the 3rd quarter worth $211,000. Aureum Wealth Management LLC raised its position in shares of Franklin FTSE Canada ETF by 2.7% in the 2nd quarter. Aureum Wealth Management LLC now owns 55,037 shares of the company’s stock valued at $2,833,000 after purchasing an additional 1,467 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Franklin FTSE Canada ETF by 564.0% during the second quarter. TD Waterhouse Canada Inc. now owns 1,162 shares of the company’s stock worth $60,000 after buying an additional 987 shares during the period. Bank of America Corp DE grew its stake in Franklin FTSE Canada ETF by 20.4% during the 1st quarter. Bank of America Corp DE now owns 4,251,730 shares of the company’s stock valued at $208,080,000 after purchasing an additional 720,745 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Franklin FTSE Canada ETF in the first quarter valued at about $231,000.
Franklin FTSE Canada ETF Stock Performance
FLCA stock traded up $0.44 during midday trading on Tuesday, reaching $53.54. The company’s stock had a trading volume of 27,985 shares, compared to its average volume of 65,686. The stock has a fifty day simple moving average of $54.15 and a two-hundred day simple moving average of $52.61. Franklin FTSE Canada ETF has a 1 year low of $44.17 and a 1 year high of $55.96. The firm has a market capitalization of $851.22 million, a price-to-earnings ratio of 19.67 and a beta of 0.86.
About Franklin FTSE Canada ETF
The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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