Short Interest in Franklin FTSE India ETF (NYSEARCA:FLIN) Decreases By 35.8%

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 253,190 shares, a decline of 35.8% from the July 30th total of 394,257 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 205,542 shares, the days-to-cover ratio is presently 1.2 days.

Franklin FTSE India ETF Price Performance

Shares of Franklin FTSE India ETF stock opened at $35.88 on Thursday. The business has a fifty day simple moving average of $35.52 and a two-hundred day simple moving average of $35.24. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.85. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. 3EDGE Asset Management LP bought a new position in Franklin FTSE India ETF in the 4th quarter valued at about $29,642,000. Susquehanna International Group LLP acquired a new stake in Franklin FTSE India ETF during the 3rd quarter worth approximately $10,489,000. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE India ETF in the 1st quarter valued at $9,348,000. Bank of America Corp DE boosted its stake in 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 valued at $14,297,000 after purchasing an additional 235,968 shares during the period. Finally, Focus Partners Wealth acquired a new position in Franklin FTSE India ETF in the 4th quarter valued at $4,760,000.

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.