Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Large Volume Increase – What’s Next?

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw an uptick in trading volume on Friday . 2,177,766 shares were traded during mid-day trading, an increase of 139% from the previous session’s volume of 911,537 shares.The stock last traded at $35.44 and had previously closed at $35.29.

Franklin FTSE India ETF Stock Up 0.4%

The stock’s fifty day moving average is $34.95 and its two-hundred day moving average is $35.91. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 22.46 and a beta of 0.47.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of institutional investors have recently bought and sold shares of FLIN. Advocate Investing Services LLC bought a new position in shares of Franklin FTSE India ETF during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in Franklin FTSE India ETF in the 4th quarter valued at $26,000. Ankerstar Wealth LLC acquired a new stake in Franklin FTSE India ETF during the 4th quarter valued at $31,000. Dunhill Financial LLC bought a new position in Franklin FTSE India ETF during the fourth quarter worth $34,000. Finally, Park Square Financial Group LLC bought a new position in Franklin FTSE India ETF during the fourth quarter worth $36,000.

About Franklin FTSE India ETF

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.