Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Up 371.1% in July

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 643,997 shares, a growth of 371.1% from the June 30th total of 136,712 shares. Based on an average trading volume of 779,994 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tradewinds Capital Management LLC purchased a new stake in Franklin FTSE South Korea ETF in the 4th quarter valued at approximately $824,000. Hsbc Holdings PLC purchased a new position in Franklin FTSE South Korea ETF during the fourth quarter worth $722,000. Spartan Wealth Advisory Services LLC purchased a new position in Franklin FTSE South Korea ETF during the first quarter worth $1,334,000. Wealthfront Advisers LLC acquired a new position in shares of Franklin FTSE South Korea ETF in the first quarter worth $723,000. Finally, Fiduciary Financial Group LLC acquired a new position in shares of Franklin FTSE South Korea ETF in the fourth quarter worth $204,000.

Franklin FTSE South Korea ETF Price Performance

Shares of NYSEARCA FLKR traded down $3.35 on Friday, hitting $53.57. The company’s stock had a trading volume of 872,479 shares, compared to its average volume of 638,992. Franklin FTSE South Korea ETF has a 12-month low of $23.88 and a 12-month high of $72.49. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.49 and a beta of 1.46. The stock has a 50 day moving average of $61.68 and a 200-day moving average of $50.17.

About Franklin FTSE South Korea ETF

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.