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

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw unusually-high trading volume on Wednesday . Approximately 2,859,871 shares traded hands during trading, an increase of 177% from the previous session’s volume of 1,032,823 shares.The stock last traded at $37.8350 and had previously closed at $37.98.

Franklin FTSE India ETF Price Performance

The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.46 and a beta of 0.46. The stock has a fifty day moving average of $37.98 and a two-hundred day moving average of $38.20.

Institutional Trading of Franklin FTSE India ETF

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its position in shares of Franklin FTSE India ETF by 4.8% in the 3rd quarter. National Bank of Canada FI now owns 5,827 shares of the company’s stock worth $217,000 after purchasing an additional 268 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Franklin FTSE India ETF by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,160 shares of the company’s stock valued at $677,000 after purchasing an additional 300 shares in the last quarter. Cape Investment Advisory Inc. grew its stake in Franklin FTSE India ETF by 23.4% during the second quarter. Cape Investment Advisory Inc. now owns 1,597 shares of the company’s stock worth $64,000 after purchasing an additional 303 shares during the period. SCS Capital Management LLC increased its holdings in Franklin FTSE India ETF by 0.4% in the fourth quarter. SCS Capital Management LLC now owns 77,560 shares of the company’s stock worth $2,993,000 after purchasing an additional 306 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Franklin FTSE India ETF by 0.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 73,037 shares of the company’s stock worth $2,818,000 after buying an additional 332 shares in the last quarter.

Franklin FTSE India ETF Company Profile

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.