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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 136,712 shares, a drop of 64.8% from the June 15th total of 388,689 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 1,088,559 shares, the days-to-cover ratio is currently 0.1 days.

Franklin FTSE South Korea ETF Stock Up 4.7%

FLKR stock traded up $2.57 during mid-day trading on Tuesday, reaching $57.78. 937,539 shares of the stock traded hands, compared to its average volume of 619,519. Franklin FTSE South Korea ETF has a 52 week low of $23.88 and a 52 week high of $72.49. The business has a 50-day moving average of $62.47 and a two-hundred day moving average of $49.02. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.49 and a beta of 1.46.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several large investors have recently made changes to their positions in FLKR. Goldman Sachs Group Inc. boosted its holdings in Franklin FTSE South Korea ETF by 492.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 178,923 shares of the company’s stock valued at $5,734,000 after purchasing an additional 148,714 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Franklin FTSE South Korea ETF in the second quarter valued at about $4,140,000. Empowered Funds LLC acquired a new stake in Franklin FTSE South Korea ETF during the fourth quarter worth about $5,104,000. Bank of Nova Scotia grew its position in Franklin FTSE South Korea ETF by 26.4% during the fourth quarter. Bank of Nova Scotia now owns 122,730 shares of the company’s stock worth $3,972,000 after buying an additional 25,600 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Franklin FTSE South Korea ETF by 1,154.9% during the fourth quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock valued at $3,473,000 after acquiring an additional 99,728 shares during the period.

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.