Franklin FTSE China ETF (NYSEARCA:FLCH) Short Interest Update

Franklin FTSE China ETF (NYSEARCA:FLCH) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 926,493 shares, a growth of 55.4% from the November 30th total of 596,149 shares. Based on an average daily trading volume, of 281,026 shares, the days-to-cover ratio is currently 3.3 days. Currently, 9.7% of the shares of the stock are short sold. Currently, 9.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 281,026 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of Franklin FTSE China ETF

Several institutional investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Franklin FTSE China ETF by 144.0% in the 2nd quarter. Assetmark Inc. now owns 16,728 shares of the company’s stock valued at $363,000 after acquiring an additional 9,871 shares during the period. MMA Asset Management LLC bought a new position in Franklin FTSE China ETF in the second quarter valued at approximately $3,146,000. Flow Traders U.S. LLC bought a new position in shares of Franklin FTSE China ETF in the second quarter worth about $808,000. Financial Advocates Investment Management bought a new position in Franklin FTSE China ETF in the second quarter valued at about $1,050,000. Finally, NewEdge Advisors LLC raised its position in Franklin FTSE China ETF by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 210,319 shares of the company’s stock worth $4,492,000 after purchasing an additional 34,675 shares during the last quarter.

Franklin FTSE China ETF Stock Performance

Shares of NYSEARCA:FLCH traded up $0.11 during mid-day trading on Tuesday, hitting $24.02. The stock had a trading volume of 380,507 shares, compared to its average volume of 99,355. Franklin FTSE China ETF has a 12-month low of $17.28 and a 12-month high of $26.51. The company’s 50 day moving average is $24.75 and its 200-day moving average is $24.04. The company has a market cap of $230.59 million, a PE ratio of 12.83 and a beta of 0.27.

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.