Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) Sees Significant Decrease in Short Interest

Franklin FTSE Japan Hedged ETF (NYSEARCA:FLJH) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 17,579 shares, a drop of 19.2% from the March 15th total of 21,762 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 19,252 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Franklin FTSE Japan Hedged ETF

A number of hedge funds have recently made changes to their positions in FLJH. Jane Street Group LLC bought a new position in shares of Franklin FTSE Japan Hedged ETF during the first quarter worth about $1,730,000. Citadel Advisors LLC grew its stake in Franklin FTSE Japan Hedged ETF by 49.1% during the third quarter. Citadel Advisors LLC now owns 42,311 shares of the company’s stock worth $1,525,000 after purchasing an additional 13,928 shares during the period. Flow Traders U.S. LLC grew its stake in Franklin FTSE Japan Hedged ETF by 271.1% during the third quarter. Flow Traders U.S. LLC now owns 158,592 shares of the company’s stock worth $5,717,000 after purchasing an additional 115,861 shares during the period. National Bank of Canada FI grew its stake in Franklin FTSE Japan Hedged ETF by 15.7% during the third quarter. National Bank of Canada FI now owns 5,486 shares of the company’s stock worth $197,000 after purchasing an additional 743 shares during the period. Finally, AIA Group Ltd grew its stake in Franklin FTSE Japan Hedged ETF by 40.1% during the third quarter. AIA Group Ltd now owns 177,398 shares of the company’s stock worth $6,395,000 after purchasing an additional 50,780 shares during the period.

Franklin FTSE Japan Hedged ETF Stock Up 0.2%

Franklin FTSE Japan Hedged ETF stock traded up $0.08 during trading hours on Thursday, hitting $42.82. The stock had a trading volume of 11,635 shares, compared to its average volume of 38,687. The stock has a market cap of $145.59 million, a price-to-earnings ratio of 14.42 and a beta of 0.33. Franklin FTSE Japan Hedged ETF has a one year low of $28.48 and a one year high of $43.35. The business’s 50 day simple moving average is $41.36 and its 200-day simple moving average is $39.56.

About Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF (FLJH) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies in Japan. The fund is currency hedged for USD-based investors. FLJH was launched on Nov 2, 2017 and is managed by Franklin Templeton.