Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Decline in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 40,558 shares, a drop of 75.1% from the January 15th total of 162,931 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,324,756 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 1,324,756 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLJP. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth about $25,000. Sunbelt Securities Inc. increased its stake in Franklin FTSE Japan ETF by 475.0% in the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after purchasing an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Franklin FTSE Japan ETF in the fourth quarter valued at approximately $41,000. Flagship Harbor Advisors LLC acquired a new stake in Franklin FTSE Japan ETF in the fourth quarter worth $59,000. Finally, Farther Finance Advisors LLC raised its holdings in Franklin FTSE Japan ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after purchasing an additional 522 shares during the period.

Franklin FTSE Japan ETF Stock Up 2.0%

Shares of FLJP stock opened at $39.70 on Wednesday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 14.28 and a beta of 0.65. Franklin FTSE Japan ETF has a 12 month low of $25.77 and a 12 month high of $39.88. The stock has a 50-day moving average price of $35.95 and a 200 day moving average price of $35.08.

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.