Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 380,396 shares, a decrease of 48.1% from the September 30th total of 732,648 shares. Based on an average trading volume of 1,097,038 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.
Franklin FTSE Japan ETF Stock Down 2.0%
Shares of NYSEARCA:FLJP traded down $0.79 during midday trading on Friday, reaching $39.59. 813,752 shares of the company were exchanged, compared to its average volume of 1,142,890. The firm has a market cap of $4.20 billion, a PE ratio of 14.28 and a beta of 0.68. Franklin FTSE Japan ETF has a fifty-two week low of $34.07 and a fifty-two week high of $42.42. The stock has a fifty day simple moving average of $41.09 and a two-hundred day simple moving average of $39.17.
Hedge Funds Weigh In On Franklin FTSE Japan ETF
A number of large investors have recently added to or reduced their stakes in FLJP. Arta Finance Wealth Management LLC raised its stake in shares of Franklin FTSE Japan ETF by 8.2% in the 3rd quarter. Arta Finance Wealth Management LLC now owns 8,408 shares of the company’s stock valued at $348,000 after purchasing an additional 637 shares during the period. United Asset Strategies Inc. boosted its position in shares of Franklin FTSE Japan ETF by 30.4% during the third quarter. United Asset Strategies Inc. now owns 11,298 shares of the company’s stock worth $468,000 after buying an additional 2,634 shares during the period. Financial Network Wealth Advisors LLC boosted its position in shares of Franklin FTSE Japan ETF by 77.9% during the third quarter. Financial Network Wealth Advisors LLC now owns 28,737 shares of the company’s stock worth $1,190,000 after buying an additional 12,581 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Franklin FTSE Japan ETF during the third quarter worth about $487,000. Finally, Gibbs Wealth Management grew its holdings in shares of Franklin FTSE Japan ETF by 134.7% during the third quarter. Gibbs Wealth Management now owns 22,743 shares of the company’s stock worth $942,000 after buying an additional 13,053 shares in the last quarter.
About Franklin FTSE Japan ETF
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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