Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Update

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 261,850 shares, an increase of 613.0% from the August 31st total of 36,725 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 208,827 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLIN. IAG Wealth Partners LLC lifted its position in shares of Franklin FTSE India ETF by 51.1% in the fourth quarter. IAG Wealth Partners LLC now owns 1,700 shares of the company’s stock valued at $66,000 after acquiring an additional 575 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Franklin FTSE India ETF during the second quarter worth about $108,000. Advisory Solutions Group LLC purchased a new stake in shares of Franklin FTSE India ETF during the second quarter worth about $229,000. Boltwood Capital Management bought a new stake in Franklin FTSE India ETF during the 2nd quarter valued at approximately $260,000. Finally, EverSource Wealth Advisors LLC raised its stake in Franklin FTSE India ETF by 11.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,408 shares of the company’s stock valued at $286,000 after purchasing an additional 775 shares during the period.

Franklin FTSE India ETF Price Performance

Shares of FLIN stock traded down $0.34 on Thursday, hitting $34.24. 183,557 shares of the stock traded hands, compared to its average volume of 752,696. Franklin FTSE India ETF has a 52 week low of $32.20 and a 52 week high of $39.85. The firm has a 50 day simple moving average of $35.36 and a two-hundred day simple moving average of $34.99. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46.

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.