Franklin FTSE India ETF (NYSEARCA:FLIN) Stock Short Interest Declines 85.5%

Franklin FTSE India ETF (NYSEARCA:FLIN) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 23,025 shares, a drop of 85.5% from the October 15th total of 158,504 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 221,416 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLIN. New York Life Investment Management LLC purchased a new position in shares of Franklin FTSE India ETF during the third quarter valued at approximately $20,491,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE India ETF by 121.4% in the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock worth $14,297,000 after buying an additional 235,968 shares during the last quarter. Juncture Wealth Strategies LLC purchased a new stake in shares of Franklin FTSE India ETF in the 3rd quarter worth approximately $3,863,000. Tidal Investments LLC bought a new position in Franklin FTSE India ETF during the 2nd quarter valued at approximately $3,095,000. Finally, Hsbc Holdings PLC bought a new position in Franklin FTSE India ETF during the 1st quarter valued at approximately $2,112,000.

Franklin FTSE India ETF Price Performance

NYSEARCA FLIN traded down $0.02 during trading hours on Thursday, reaching $36.79. 106,919 shares of the company’s stock traded hands, compared to its average volume of 688,268. Franklin FTSE India ETF has a 52-week low of $32.20 and a 52-week high of $39.43. The firm has a market cap of $2.73 billion, a PE ratio of 21.26 and a beta of 0.49. The firm has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $35.19.

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.