Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Update

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 425,408 shares, a drop of 45.2% from the April 15th total of 775,669 shares. Based on an average daily volume of 570,113 shares, the short-interest ratio is currently 0.7 days. Currently, 2.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLKR. Jane Street Group LLC bought a new position in shares of Franklin FTSE South Korea ETF during the first quarter worth approximately $366,000. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE South Korea ETF by 121.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after buying an additional 674 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Franklin FTSE South Korea ETF in the second quarter valued at approximately $4,140,000. Osaic Holdings Inc. boosted its position in Franklin FTSE South Korea ETF by 2,424.3% in the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock valued at $305,000 after buying an additional 11,976 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its holdings in shares of Franklin FTSE South Korea ETF by 7.6% during the third quarter. Leavell Investment Management Inc. now owns 113,636 shares of the company’s stock worth $3,067,000 after purchasing an additional 8,049 shares during the period.

Franklin FTSE South Korea ETF Stock Performance

NYSEARCA:FLKR traded down $0.99 during mid-day trading on Monday, hitting $57.07. The stock had a trading volume of 427,283 shares, compared to its average volume of 522,576. Franklin FTSE South Korea ETF has a twelve month low of $19.91 and a twelve month high of $62.92. The stock has a market cap of $844.64 million, a price-to-earnings ratio of 10.49 and a beta of 1.39. The company’s 50 day simple moving average is $46.92 and its 200 day simple moving average is $39.59.

About Franklin FTSE South Korea ETF

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