Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 261,850 shares, a growth of 613.0% from the August 31st total of 36,725 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 208,827 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Franklin FTSE India ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IAG Wealth Partners LLC increased its position in Franklin FTSE India ETF by 51.1% in the fourth quarter. IAG Wealth Partners LLC now owns 1,700 shares of the company’s stock worth $66,000 after buying an additional 575 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Franklin FTSE India ETF during the 2nd quarter valued at about $108,000. Advisory Solutions Group LLC bought a new position in shares of Franklin FTSE India ETF during the 2nd quarter valued at approximately $229,000. Boltwood Capital Management bought a new position in shares of Franklin FTSE India ETF during the 2nd quarter valued at approximately $260,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Franklin FTSE India ETF by 11.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,408 shares of the company’s stock worth $286,000 after acquiring an additional 775 shares in the last quarter.

Franklin FTSE India ETF Stock Down 1.0%

FLIN traded down $0.34 during trading on Thursday, hitting $34.24. The company’s stock had a trading volume of 183,557 shares, compared to its average volume of 752,696. Franklin FTSE India ETF has a one year low of $32.20 and a one year high of $39.85. The firm has a market cap of $2.56 billion, a PE ratio of 22.46 and a beta of 0.46. The business’s 50 day simple moving average is $35.36 and its 200-day simple moving average is $34.99.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.