Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Strong Trading Volume – Here’s What Happened

Shares of Franklin FTSE India ETF (NYSEARCA:FLIN) saw an uptick in trading volume on Friday . 3,259,622 shares were traded during mid-day trading, an increase of 256% from the previous session’s volume of 915,774 shares.The stock last traded at $34.63 and had previously closed at $34.20.

Franklin FTSE India ETF Stock Performance

The company’s 50-day moving average price is $34.92 and its 200 day moving average price is $35.65. The stock has a market capitalization of $2.68 billion, a PE ratio of 22.46 and a beta of 0.47.

Institutional Trading of Franklin FTSE India ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLIN. 3EDGE Asset Management LP bought a new stake in Franklin FTSE India ETF during the 4th quarter valued at approximately $29,642,000. Axis Capital Holdings Ltd. purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter valued at approximately $14,617,000. Susquehanna International Group LLP purchased a new position in shares of Franklin FTSE India ETF in the 3rd quarter valued at approximately $10,489,000. Goldman Sachs Group Inc. bought a new stake in shares of Franklin FTSE India ETF during the first quarter valued at approximately $9,348,000. Finally, Bank of America Corp DE boosted its position in shares of Franklin FTSE India ETF by 121.4% during the first quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after purchasing an additional 235,968 shares in the last quarter.

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.