Franklin FTSE China ETF (NYSEARCA:FLCH – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 470,315 shares, a growth of 255.4% from the August 15th total of 132,352 shares. Based on an average trading volume of 76,008 shares, the days-to-cover ratio is presently 6.2 days. Currently, 3.4% of the company’s stock are short sold.
Franklin FTSE China ETF Stock Up 0.1%
FLCH traded up $0.03 on Friday, reaching $20.97. The company had a trading volume of 61,101 shares, compared to its average volume of 133,078. Franklin FTSE China ETF has a 1 year low of $20.01 and a 1 year high of $26.51. The stock has a market capitalization of $289.39 million, a PE ratio of 12.83 and a beta of 0.35. The stock has a 50-day moving average price of $21.62 and a 200-day moving average price of $22.19.
Institutional Trading of Franklin FTSE China ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank acquired a new stake in shares of Franklin FTSE China ETF in the 3rd quarter valued at about $25,000. Advisory Services Network LLC acquired a new position in Franklin FTSE China ETF during the third quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in Franklin FTSE China ETF by 422.1% during the second quarter. EverSource Wealth Advisors LLC now owns 7,127 shares of the company’s stock worth $155,000 after buying an additional 5,762 shares during the period. Ascent Advisors LLC purchased a new stake in Franklin FTSE China ETF in the first quarter valued at approximately $163,000. Finally, Arsenal Capital Advisors LLC purchased a new stake in Franklin FTSE China ETF in the fourth quarter valued at approximately $223,000.
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.
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