Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Large Decrease in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 322,366 shares, a decline of 49.9% from the July 15th total of 643,997 shares. Based on an average trading volume of 961,105 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the shares of the company are sold short.

Franklin FTSE South Korea ETF Stock Up 2.7%

NYSEARCA FLKR traded up $1.59 on Monday, hitting $60.89. The stock had a trading volume of 347,196 shares, compared to its average volume of 654,316. The company’s 50-day moving average is $59.15 and its two-hundred day moving average is $52.17. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 10.49 and a beta of 1.49. Franklin FTSE South Korea ETF has a one year low of $24.13 and a one year high of $72.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLKR. EverSource Wealth Advisors LLC boosted its stake in Franklin FTSE South Korea ETF by 121.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the company’s stock valued at $30,000 after purchasing an additional 674 shares in the last quarter. Greenline Partners LLC bought a new position in Franklin FTSE South Korea ETF during the third quarter valued at about $208,000. Summit Financial LLC bought a new position in Franklin FTSE South Korea ETF during the fourth quarter valued at about $217,000. MRA Advisory Group acquired a new position in Franklin FTSE South Korea ETF during the second quarter worth about $272,000. Finally, Osaic Holdings Inc. grew its holdings in Franklin FTSE South Korea ETF by 2,424.3% during the second quarter. Osaic Holdings Inc. now owns 12,470 shares of the company’s stock worth $305,000 after acquiring an additional 11,976 shares during the period.

Franklin FTSE South Korea ETF Company Profile

The Franklin FTSE South Korea ETF (FLKR) is an exchange-traded fund that is based on the FTSE South Korea RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap South Korean companies. FLKR was launched on Nov 2, 2017 and is managed by Franklin Templeton.