Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Large Decline in Short Interest

Franklin FTSE Japan ETF (NYSEARCA:FLJP) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 380,396 shares, a decline of 48.1% from the September 30th total of 732,648 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,097,038 shares, the short-interest ratio is currently 0.3 days.

Franklin FTSE Japan ETF Stock Performance

FLJP traded up $0.02 during trading on Monday, hitting $39.61. 1,038,527 shares of the stock were exchanged, compared to its average volume of 1,142,393. The firm has a 50 day simple moving average of $41.07 and a 200 day simple moving average of $39.19. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 14.28 and a beta of 0.68. Franklin FTSE Japan ETF has a 1 year low of $34.07 and a 1 year high of $42.42.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in shares of Franklin FTSE Japan ETF in the third quarter valued at about $1,237,000. Arta Finance Wealth Management LLC grew its holdings in Franklin FTSE Japan ETF by 8.2% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 8,408 shares of the company’s stock worth $348,000 after acquiring an additional 637 shares in the last quarter. United Asset Strategies Inc. grew its holdings in Franklin FTSE Japan ETF by 30.4% during the 3rd quarter. United Asset Strategies Inc. now owns 11,298 shares of the company’s stock worth $468,000 after acquiring an additional 2,634 shares in the last quarter. Financial Network Wealth Advisors LLC grew its holdings in Franklin FTSE Japan ETF by 77.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 28,737 shares of the company’s stock worth $1,190,000 after acquiring an additional 12,581 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in Franklin FTSE Japan ETF during the 3rd quarter valued at about $487,000.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.