Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Large Decline in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 86,550 shares, a decline of 81.5% from the February 12th total of 467,629 shares. Based on an average daily trading volume, of 103,829 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 103,829 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Franklin FTSE Canada ETF

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Franklin FTSE Canada ETF in the third quarter valued at about $37,000. Comerica Bank lifted its position in shares of Franklin FTSE Canada ETF by 1,557.1% during the 4th quarter. Comerica Bank now owns 812 shares of the company’s stock worth $39,000 after purchasing an additional 763 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Franklin FTSE Canada ETF by 1,080.0% during the 4th quarter. Blue Trust Inc. now owns 826 shares of the company’s stock worth $40,000 after purchasing an additional 756 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Franklin FTSE Canada ETF by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock valued at $56,000 after purchasing an additional 610 shares during the period. Finally, Bayban bought a new stake in Franklin FTSE Canada ETF during the 4th quarter valued at approximately $70,000.

Franklin FTSE Canada ETF Price Performance

NYSEARCA:FLCA traded down $0.14 during midday trading on Tuesday, reaching $50.58. The stock had a trading volume of 50,375 shares, compared to its average volume of 89,008. Franklin FTSE Canada ETF has a 1-year low of $33.59 and a 1-year high of $52.02. The firm’s fifty day simple moving average is $49.87 and its 200-day simple moving average is $47.25. The stock has a market capitalization of $634.78 million, a P/E ratio of 19.67 and a beta of 0.93.

Franklin FTSE Canada ETF Company Profile

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