Short Interest in Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) Decreases By 45.6%

Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 459 shares, a drop of 45.6% from the May 31st total of 843 shares. Based on an average daily trading volume, of 751 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Franklin FTSE Saudi Arabia ETF

A hedge fund recently bought a new stake in Franklin FTSE Saudi Arabia ETF stock. Jane Street Group LLC bought a new stake in Franklin FTSE Saudi Arabia ETF (NYSEARCA:FLSA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,301 shares of the company’s stock, valued at approximately $240,000. Jane Street Group LLC owned about 1.33% of Franklin FTSE Saudi Arabia ETF as of its most recent filing with the Securities & Exchange Commission.

Franklin FTSE Saudi Arabia ETF Stock Up 0.6%

Franklin FTSE Saudi Arabia ETF stock traded up $0.20 during mid-day trading on Wednesday, reaching $32.19. 701 shares of the company’s stock were exchanged, compared to its average volume of 7,049. Franklin FTSE Saudi Arabia ETF has a twelve month low of $30.88 and a twelve month high of $35.38. The company has a market cap of $4.83 million, a P/E ratio of 15.61 and a beta of 0.27. The company has a fifty day moving average of $33.34 and a 200-day moving average of $33.07.

About Franklin FTSE Saudi Arabia ETF

The Franklin FTSE Saudi Arabia ETF (FLSA) is an exchange-traded fund that is based on the FTSE Saudi Arabia RIC Capped index, a market-cap-weighted index of Saudi Arabian equities, excluding small-caps. FLSA was launched on Oct 9, 2018 and is managed by Franklin Templeton.