Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Down 37.3% in May

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 36,102 shares, a decrease of 37.3% from the April 30th total of 57,548 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,237 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. acquired a new stake in Franklin FTSE Asia ex Japan ETF during the second quarter worth about $46,000. Balefire LLC acquired a new stake in Franklin FTSE Asia ex Japan ETF during the first quarter worth about $210,000. Retirement Planning Group LLC increased its position in Franklin FTSE Asia ex Japan ETF by 5.4% during the fourth quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock worth $231,000 after purchasing an additional 397 shares during the last quarter. Vivaldi Capital Management LP increased its position in Franklin FTSE Asia ex Japan ETF by 3.8% during the second quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock worth $275,000 after purchasing an additional 389 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Franklin FTSE Asia ex Japan ETF by 8.8% during the third quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after purchasing an additional 1,561 shares during the last quarter.

Franklin FTSE Asia ex Japan ETF Stock Up 0.9%

Shares of NYSEARCA FLAX opened at $38.74 on Wednesday. Franklin FTSE Asia ex Japan ETF has a 52 week low of $24.64 and a 52 week high of $38.83. The stock has a market capitalization of $54.24 million, a price-to-earnings ratio of 14.98 and a beta of 0.67. The firm has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $32.00.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.