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

Franklin FTSE China ETF (NYSEARCA:FLCH) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 132,352 shares, a decline of 91.7% from the July 30th total of 1,597,929 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 48,407 shares, the short-interest ratio is currently 2.7 days.

Franklin FTSE China ETF Stock Performance

Shares of NYSEARCA:FLCH traded up $0.04 on Tuesday, hitting $21.78. 33,223 shares of the company’s stock were exchanged, compared to its average volume of 131,967. Franklin FTSE China ETF has a 1-year low of $20.01 and a 1-year high of $26.51. The company has a market capitalization of $300.56 million, a PE ratio of 12.83 and a beta of 0.35. The firm’s 50-day moving average is $21.42 and its 200 day moving average is $22.43.

Institutional Trading of Franklin FTSE China ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLCH. Boltwood Capital Management lifted its position in shares of Franklin FTSE China ETF by 18.0% during the 2nd quarter. Boltwood Capital Management now owns 50,475 shares of the company’s stock worth $1,030,000 after buying an additional 7,700 shares during the last quarter. Royal Bank of Canada grew its position in shares of Franklin FTSE China ETF by 242.3% in the 1st quarter. Royal Bank of Canada now owns 68,284 shares of the company’s stock valued at $1,529,000 after buying an additional 48,336 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Franklin FTSE China ETF by 51.7% in the 1st quarter. Cetera Investment Advisers now owns 352,175 shares of the company’s stock valued at $7,885,000 after buying an additional 120,062 shares during the last quarter. Balefire LLC grew its position in shares of Franklin FTSE China ETF by 60.2% in the 1st quarter. Balefire LLC now owns 15,405 shares of the company’s stock valued at $345,000 after buying an additional 5,788 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Franklin FTSE China ETF by 15.5% during the 1st quarter. Assetmark Inc. now owns 1,184,658 shares of the company’s stock worth $26,524,000 after acquiring an additional 159,370 shares in the last quarter.

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.