Franklin FTSE Japan ETF (NYSEARCA:FLJP) Short Interest Down 62.8% in January

by · The Markets Daily

Franklin FTSE Japan ETF (NYSEARCA:FLJP – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 162,931 shares, a drop of 62.8% from the December 31st total of 437,399 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 564,461 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 564,461 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Franklin FTSE Japan ETF Price Performance

FLJP stock traded up $0.37 during midday trading on Thursday, hitting $36.70. The company’s stock had a trading volume of 4,257,120 shares, compared to its average volume of 902,091. The company’s fifty day moving average price is $35.59 and its 200 day moving average price is $34.70. Franklin FTSE Japan ETF has a twelve month low of $25.77 and a twelve month high of $36.80. The stock has a market capitalization of $2.71 billion, a P/E ratio of 14.28 and a beta of 0.65.

Institutional Investors Weigh In On Franklin FTSE Japan ETF

A number of large investors have recently bought and sold shares of FLJP. Sunbelt Securities Inc. grew its stake in Franklin FTSE Japan ETF by 475.0% during the third quarter. Sunbelt Securities Inc. now owns 1,150 shares of the company’s stock valued at $40,000 after acquiring an additional 950 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Franklin FTSE Japan ETF in the 4th quarter valued at $41,000. Flagship Harbor Advisors LLC bought a new position in shares of Franklin FTSE Japan ETF in the fourth quarter worth $59,000. Farther Finance Advisors LLC increased its holdings in shares of Franklin FTSE Japan ETF by 40.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,806 shares of the company’s stock worth $62,000 after purchasing an additional 522 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Franklin FTSE Japan ETF by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,899 shares of the company’s stock worth $93,000 after purchasing an additional 653 shares during the period.

Franklin FTSE Japan ETF Company Profile

(Get Free Report)

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.

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