Short Interest in Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Decreases By 30.9%

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 208,088 shares, a drop of 30.9% from the March 15th total of 300,950 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 577,285 shares, the short-interest ratio is presently 0.4 days.

Franklin FTSE South Korea ETF Stock Performance

Franklin FTSE South Korea ETF stock traded down $0.55 during midday trading on Wednesday, hitting $46.91. 446,163 shares of the company were exchanged, compared to its average volume of 490,730. The firm has a market capitalization of $534.77 million, a PE ratio of 10.49 and a beta of 1.24. Franklin FTSE South Korea ETF has a fifty-two week low of $18.26 and a fifty-two week high of $49.95. The business has a fifty day simple moving average of $42.95 and a two-hundred day simple moving average of $35.97.

Institutional Trading of Franklin FTSE South Korea ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cercano Management LLC acquired a new stake in Franklin FTSE South Korea ETF during the third quarter worth about $7,117,000. Miller Global Investments LLC acquired a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $436,000. Tradewinds Capital Management LLC acquired a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $824,000. Lumbard & Kellner LLC acquired a new stake in Franklin FTSE South Korea ETF during the third quarter worth about $2,661,000. Finally, Marshall Wace LLP acquired a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $352,000.

Franklin FTSE South Korea ETF Company Profile

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.