Short Interest in Franklin FTSE China ETF (NYSEARCA:FLCH) Expands By 255.4%

Franklin FTSE China ETF (NYSEARCA:FLCH) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 470,315 shares, a growth of 255.4% from the August 15th total of 132,352 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,008 shares, the short-interest ratio is presently 6.2 days.

Hedge Funds Weigh In On Franklin FTSE China ETF

A number of hedge funds have recently modified their holdings of FLCH. CreativeOne Wealth LLC increased its position in Franklin FTSE China ETF by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 21,265 shares of the company’s stock worth $506,000 after purchasing an additional 447 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Franklin FTSE China ETF by 1.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 51,082 shares of the company’s stock valued at $1,216,000 after buying an additional 704 shares during the last quarter. Comerica Bank bought a new stake in shares of Franklin FTSE China ETF in the 3rd quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in shares of Franklin FTSE China ETF in the 3rd quarter valued at approximately $26,000. Finally, Equitable Holdings Inc. increased its holdings in Franklin FTSE China ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 35,003 shares of the company’s stock worth $910,000 after buying an additional 1,344 shares during the last quarter.

Franklin FTSE China ETF Stock Up 0.3%

Franklin FTSE China ETF stock traded up $0.07 during mid-day trading on Monday, hitting $21.04. The company’s stock had a trading volume of 7,718 shares, compared to its average volume of 132,350. The stock has a market capitalization of $290.35 million, a P/E ratio of 12.83 and a beta of 0.35. Franklin FTSE China ETF has a twelve month low of $20.01 and a twelve month high of $26.51. The stock’s fifty day moving average price is $21.62 and its two-hundred day moving average price is $22.17.

About Franklin FTSE China ETF

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.