Franklin FTSE China ETF (NYSEARCA:FLCH) Sees Large Increase in Short Interest

Franklin FTSE China ETF (NYSEARCA:FLCH) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,222,565 shares, an increase of 19.0% from the January 29th total of 1,027,267 shares. Currently, 10.5% of the shares of the company are sold short. Based on an average daily volume of 138,182 shares, the days-to-cover ratio is currently 8.8 days. Based on an average daily volume of 138,182 shares, the days-to-cover ratio is currently 8.8 days. Currently, 10.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin FTSE China ETF

Several institutional investors have recently made changes to their positions in FLCH. Almanack Investment Partners LLC. bought a new stake in shares of Franklin FTSE China ETF in the 3rd quarter worth approximately $777,000. Financial Advocates Investment Management acquired a new stake in Franklin FTSE China ETF in the second quarter worth $1,050,000. Assetmark Inc. increased its position in Franklin FTSE China ETF by 144.0% in the second quarter. Assetmark Inc. now owns 16,728 shares of the company’s stock worth $363,000 after buying an additional 9,871 shares during the period. Flow Traders U.S. LLC bought a new stake in Franklin FTSE China ETF in the second quarter valued at $808,000. Finally, Arsenal Capital Advisors LLC acquired a new position in shares of Franklin FTSE China ETF during the fourth quarter valued at $223,000.

Franklin FTSE China ETF Stock Performance

Franklin FTSE China ETF stock opened at $22.59 on Friday. Franklin FTSE China ETF has a 1 year low of $17.59 and a 1 year high of $26.51. The firm’s 50-day moving average is $24.36 and its 200-day moving average is $24.70. The company has a market cap of $262.04 million, a P/E ratio of 12.83 and a beta of 0.27.

Franklin FTSE China ETF Company Profile

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.