Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Stock Short Interest Report for October

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 868,675 shares, an increase of 166.2% from the September 30th total of 326,380 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 915,715 shares, the days-to-cover ratio is currently 0.9 days.

Franklin FTSE South Korea ETF Trading Down 2.6%

NYSEARCA FLKR traded down $1.41 during trading hours on Thursday, hitting $53.18. The company’s stock had a trading volume of 818,678 shares, compared to its average volume of 702,863. The company’s 50-day simple moving average is $58.00 and its two-hundred day simple moving average is $52.78. The company has a market capitalization of $1.85 billion, a PE ratio of 10.49 and a beta of 1.51. Franklin FTSE South Korea ETF has a 52 week low of $29.06 and a 52 week high of $72.49.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marotta Asset Management lifted its position in shares of Franklin FTSE South Korea ETF by 3.8% during the 3rd quarter. Marotta Asset Management now owns 68,267 shares of the company’s stock worth $4,105,000 after buying an additional 2,498 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new position in shares of Franklin FTSE South Korea ETF in the 1st quarter worth approximately $1,334,000. Boltwood Capital Management bought a new position in shares of Franklin FTSE South Korea ETF in the third quarter valued at approximately $1,505,000. Hsbc Holdings PLC bought a new position in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at approximately $722,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Franklin FTSE South Korea ETF during the third quarter valued at approximately $1,142,000.

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.