Short Interest in Franklin FTSE Canada ETF (NYSEARCA:FLCA) Drops By 63.2%

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 32,654 shares, a decline of 63.2% from the March 31st total of 88,710 shares. Based on an average daily trading volume, of 31,673 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

Franklin FTSE Canada ETF Stock Performance

Shares of FLCA traded down $0.01 during trading hours on Friday, hitting $51.76. The company had a trading volume of 299,631 shares, compared to its average volume of 85,145. The firm has a fifty day moving average price of $50.33 and a 200-day moving average price of $48.48. The stock has a market capitalization of $724.64 million, a price-to-earnings ratio of 19.67 and a beta of 0.87. Franklin FTSE Canada ETF has a 52-week low of $38.14 and a 52-week high of $52.84.

Hedge Funds Weigh In On Franklin FTSE Canada ETF

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Franklin FTSE Canada ETF in the 3rd quarter worth about $37,000. Comerica Bank raised its position in shares of Franklin FTSE Canada ETF by 1,557.1% in 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. raised its position in shares of Franklin FTSE Canada ETF by 1,080.0% in 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. raised its position in shares of Franklin FTSE Canada ETF by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,331 shares of the company’s stock worth $56,000 after purchasing an additional 610 shares during the last quarter. Finally, Bayban purchased a new position in shares of Franklin FTSE Canada ETF in the 4th quarter worth about $70,000.

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.