Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Update

Franklin FTSE China ETF (NYSEARCA:FLCH) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 132,352 shares, a decrease of 91.7% from the July 30th total of 1,597,929 shares. Based on an average trading volume of 48,407 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Franklin FTSE China ETF by 15.5% in the first quarter. Assetmark Inc. now owns 1,184,658 shares of the company’s stock valued at $26,524,000 after buying an additional 159,370 shares in the last quarter. Cetera Investment Advisers lifted its stake in Franklin FTSE China ETF by 51.7% during the 1st quarter. Cetera Investment Advisers now owns 352,175 shares of the company’s stock worth $7,885,000 after acquiring an additional 120,062 shares in the last quarter. Vident Advisory LLC purchased a new position in Franklin FTSE China ETF during the 4th quarter valued at about $6,908,000. NewEdge Advisors LLC boosted its holdings in Franklin FTSE China ETF by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 223,485 shares of the company’s stock valued at $4,851,000 after acquiring an additional 13,166 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new position in Franklin FTSE China ETF in the 4th quarter valued at about $4,716,000.

Franklin FTSE China ETF Trading Up 0.2%

Franklin FTSE China ETF stock traded up $0.04 during trading on Tuesday, hitting $21.78. The company had a trading volume of 33,223 shares, compared to its average volume of 131,967. Franklin FTSE China ETF has a 1-year low of $20.01 and a 1-year high of $26.51. The company’s 50 day simple moving average is $21.42 and its 200-day simple moving average is $22.43. The stock has a market cap of $300.56 million, a price-to-earnings ratio of 12.83 and a beta of 0.35.

About Franklin FTSE China ETF

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