Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Sees Large Increase in Short Interest

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 87,195 shares, a growth of 141.5% from the May 14th total of 36,102 shares. Approximately 6.2% of the company’s shares are short sold. Based on an average daily volume of 17,706 shares, the short-interest ratio is presently 4.9 days.

Franklin FTSE Asia ex Japan ETF Stock Performance

Shares of NYSEARCA FLAX traded up $0.13 during midday trading on Friday, hitting $36.91. 3,828 shares of the company traded hands, compared to its average volume of 10,090. Franklin FTSE Asia ex Japan ETF has a 12-month low of $25.03 and a 12-month high of $38.83. The firm has a market cap of $51.67 million, a P/E ratio of 14.98 and a beta of 0.69. The stock has a 50-day moving average price of $35.09 and a 200 day moving average price of $32.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vivaldi Capital Management LP lifted its stake in shares of Franklin FTSE Asia ex Japan ETF by 3.8% in the 2nd quarter. Vivaldi Capital Management LP now owns 10,561 shares of the company’s stock valued at $275,000 after purchasing an additional 389 shares during the period. Retirement Planning Group LLC grew its stake in Franklin FTSE Asia ex Japan ETF by 5.4% in the fourth quarter. Retirement Planning Group LLC now owns 7,788 shares of the company’s stock worth $231,000 after purchasing an additional 397 shares during the period. PGIM Custom Harvest LLC grew its stake in Franklin FTSE Asia ex Japan ETF by 0.5% in the third quarter. PGIM Custom Harvest LLC now owns 167,838 shares of the company’s stock worth $4,847,000 after purchasing an additional 855 shares during the period. Bank of America Corp DE raised its holdings in Franklin FTSE Asia ex Japan ETF by 8.8% in the third quarter. Bank of America Corp DE now owns 19,219 shares of the company’s stock worth $555,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new position in Franklin FTSE Asia ex Japan ETF in the second quarter worth $46,000.

Franklin FTSE Asia ex Japan ETF Company Profile

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.