Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Decline in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 425,408 shares, a decrease of 45.2% from the April 15th total of 775,669 shares. Based on an average trading volume of 570,113 shares, the short-interest ratio is presently 0.7 days. Approximately 2.9% of the shares of the stock are short sold.

Franklin FTSE South Korea ETF Stock Down 5.7%

NYSEARCA:FLKR traded down $3.53 during mid-day trading on Friday, reaching $58.06. 407,497 shares of the company were exchanged, compared to its average volume of 523,558. Franklin FTSE South Korea ETF has a 12 month low of $19.91 and a 12 month high of $62.92. The stock has a market cap of $859.29 million, a PE ratio of 10.49 and a beta of 1.39. The company has a fifty day moving average of $46.92 and a 200 day moving average of $39.54.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLKR. EverSource Wealth Advisors LLC raised its position in shares of Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after acquiring an additional 674 shares during the last quarter. Fiduciary Financial Group LLC bought a new position in shares of Franklin FTSE South Korea ETF in the 4th quarter worth $204,000. Greenline Partners LLC bought a new stake in Franklin FTSE South Korea ETF in the third quarter valued at about $208,000. Summit Financial LLC bought a new stake in Franklin FTSE South Korea ETF in the fourth quarter valued at about $217,000. Finally, Osaic Holdings Inc. lifted its stake in Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after buying an additional 11,976 shares during the period.

About Franklin FTSE South Korea ETF

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.