Franklin FTSE China ETF (NYSEARCA:FLCH) Sees Significant Growth in Short Interest

by · The Markets Daily

Franklin FTSE China ETF (NYSEARCA:FLCH – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 746,927 shares, a growth of 76.6% from the September 15th total of 423,068 shares. Based on an average daily trading volume, of 51,870 shares, the short-interest ratio is presently 14.4 days. Approximately 5.3% of the company’s stock are short sold.

Franklin FTSE China ETF Stock Performance

Shares of FLCH traded down $0.21 during trading hours on Friday, hitting $20.21. 75,073 shares of the company were exchanged, compared to its average volume of 123,842. The company has a market cap of $278.90 million, a PE ratio of 12.83 and a beta of 0.34. The firm’s 50 day moving average is $21.20 and its 200-day moving average is $21.77. Franklin FTSE China ETF has a 52 week low of $20.01 and a 52 week high of $25.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLCH. Ascent Advisors LLC bought a new stake in Franklin FTSE China ETF during the first quarter worth approximately $163,000. Balefire LLC raised its position in shares of Franklin FTSE China ETF by 15.3% in the third quarter. Balefire LLC now owns 12,241 shares of the company’s stock valued at $253,000 after purchasing an additional 1,628 shares during the period. Hsbc Holdings PLC bought a new position in shares of Franklin FTSE China ETF in the fourth quarter valued at approximately $404,000. Boltwood Capital Management raised its position in shares of Franklin FTSE China ETF by 18.0% in the second quarter. Boltwood Capital Management now owns 50,475 shares of the company’s stock valued at $1,030,000 after purchasing an additional 7,700 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Franklin FTSE China ETF by 242.3% in the first quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock valued at $1,529,000 after purchasing an additional 48,336 shares during the period.

Franklin FTSE China ETF Company Profile

(Get Free Report)

The Franklin FTSE China ETF (FLCH) is an exchange-traded fund that is based on the FTSE China RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies in China. FLCH was launched on Nov 2, 2017 and is managed by Franklin Templeton.

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