Franklin FTSE India ETF (NYSEARCA:FLIN – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 36,725 shares, a decrease of 85.5% from the August 15th total of 253,190 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 144,855 shares, the days-to-cover ratio is currently 0.3 days.
Franklin FTSE India ETF Price Performance
NYSEARCA:FLIN traded up $0.25 during mid-day trading on Friday, reaching $34.83. The stock had a trading volume of 62,121 shares, compared to its average volume of 783,314. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46. Franklin FTSE India ETF has a 1-year low of $32.20 and a 1-year high of $39.85. The stock’s 50 day simple moving average is $35.50 and its two-hundred day simple moving average is $35.14.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FLIN. Advocate Investing Services LLC acquired a new stake in shares of Franklin FTSE India ETF during the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in Franklin FTSE India ETF during the fourth quarter valued at $31,000. Park Square Financial Group LLC bought a new position in Franklin FTSE India ETF in the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC bought a new position in Franklin FTSE India ETF in the fourth quarter worth about $42,000. Finally, International Assets Investment Management LLC acquired a new position in Franklin FTSE India ETF in the fourth quarter valued at approximately $52,000.
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.
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