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

Franklin FTSE China ETF (NYSEARCA:FLCH) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,222,565 shares, an increase of 19.0% from the January 29th total of 1,027,267 shares. Based on an average daily volume of 138,182 shares, the days-to-cover ratio is currently 8.8 days. Currently, 10.5% of the company’s stock are short sold. Currently, 10.5% of the company’s stock are short sold. Based on an average daily volume of 138,182 shares, the days-to-cover ratio is currently 8.8 days.

Franklin FTSE China ETF Stock Down 1.4%

Shares of Franklin FTSE China ETF stock traded down $0.33 during midday trading on Thursday, hitting $22.55. The company’s stock had a trading volume of 68,452 shares, compared to its average volume of 139,251. The firm has a market capitalization of $261.58 million, a P/E ratio of 12.83 and a beta of 0.27. The stock has a 50-day simple moving average of $24.39 and a 200-day simple moving average of $24.72. Franklin FTSE China ETF has a 1-year low of $17.59 and a 1-year high of $26.51.

Hedge Funds Weigh In On Franklin FTSE China ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. lifted its position in shares of Franklin FTSE China ETF by 3,125.3% in the fourth quarter. Assetmark Inc. now owns 1,025,288 shares of the company’s stock worth $24,402,000 after purchasing an additional 993,499 shares in the last quarter. Vident Advisory LLC acquired a new position in Franklin FTSE China ETF in the 4th quarter valued at approximately $6,908,000. Cetera Investment Advisers purchased a new stake in Franklin FTSE China ETF in the 4th quarter worth approximately $5,524,000. Main Management ETF Advisors LLC acquired a new stake in shares of Franklin FTSE China ETF during the 4th quarter valued at $4,716,000. Finally, Royal Bank of Canada acquired a new stake in shares of Franklin FTSE China ETF during the 1st quarter valued at $3,909,000.

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.