Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Up 33.3% in December

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 238,818 shares, an increase of 33.3% from the December 15th total of 179,099 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 82,456 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 82,456 shares, the short-interest ratio is currently 2.9 days. Currently, 3.2% of the company’s shares are sold short.

Franklin FTSE South Korea ETF Price Performance

FLKR stock traded up $0.36 during mid-day trading on Friday, reaching $36.76. The company had a trading volume of 199,033 shares, compared to its average volume of 179,403. The company has a market capitalization of $286.73 million, a PE ratio of 10.49 and a beta of 1.23. The firm has a 50 day moving average of $31.96 and a 200 day moving average of $28.51. Franklin FTSE South Korea ETF has a 12 month low of $16.54 and a 12 month high of $36.76.

Institutional Investors Weigh In On Franklin FTSE South Korea ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Franklin FTSE South Korea ETF in the second quarter worth about $251,000. Bank of Montreal Can purchased a new position in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at approximately $177,000. Leavell Investment Management Inc. raised its position in shares of Franklin FTSE South Korea ETF by 5.1% in the 2nd quarter. Leavell Investment Management Inc. now owns 105,587 shares of the company’s stock valued at $2,581,000 after purchasing an additional 5,110 shares during the last quarter. MMA Asset Management LLC acquired a new stake in Franklin FTSE South Korea ETF in the 2nd quarter worth approximately $1,223,000. Finally, Inspire Advisors LLC grew its position in Franklin FTSE South Korea ETF by 78.3% during the 2nd quarter. Inspire Advisors LLC now owns 55,655 shares of the company’s stock worth $1,360,000 after purchasing an additional 24,443 shares during the last quarter.

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.