Franklin FTSE Canada ETF (NYSEARCA:FLCA) Sees Significant Increase in Short Interest

Franklin FTSE Canada ETF (NYSEARCA:FLCA) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 59,100 shares, an increase of 109.6% from the August 31st total of 28,200 shares. Based on an average trading volume of 22,200 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 22,200 shares, the days-to-cover ratio is presently 2.7 days.

Franklin FTSE Canada ETF Trading Down 0.0%

FLCA traded down $0.02 on Monday, reaching $45.99. The stock had a trading volume of 21,937 shares, compared to its average volume of 25,404. Franklin FTSE Canada ETF has a fifty-two week low of $33.59 and a fifty-two week high of $46.35. The firm has a 50-day moving average of $43.70 and a 200-day moving average of $41.06. The company has a market capitalization of $501.33 million, a price-to-earnings ratio of 19.67 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simon Quick Advisors LLC purchased a new stake in shares of Franklin FTSE Canada ETF during the second quarter valued at approximately $5,034,000. Bank of America Corp DE increased its holdings in shares of Franklin FTSE Canada ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 3,455,418 shares of the company’s stock worth $144,264,000 after buying an additional 39,684 shares during the period. Courier Capital LLC increased its holdings in shares of Franklin FTSE Canada ETF by 148.6% in the first quarter. Courier Capital LLC now owns 51,866 shares of the company’s stock worth $1,930,000 after buying an additional 31,001 shares during the period. Elm Partners Management LLC increased its holdings in Franklin FTSE Canada ETF by 174.4% during the 2nd quarter. Elm Partners Management LLC now owns 30,758 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,548 shares during the period. Finally, Community Bank N.A. increased its holdings in Franklin FTSE Canada ETF by 23.1% during the 1st quarter. Community Bank N.A. now owns 94,808 shares of the company’s stock valued at $3,528,000 after purchasing an additional 17,804 shares during the period.

About Franklin FTSE Canada ETF

The Franklin FTSE Canada ETF (FLCA) is an exchange-traded fund that is based on the FTSE Canada RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Canadian stocks. FLCA was launched on Nov 2, 2017 and is managed by Franklin Templeton.