Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Short Interest Update

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 408,252 shares, a growth of 70.9% from the December 31st total of 238,818 shares. Based on an average daily trading volume, of 177,493 shares, the days-to-cover ratio is currently 2.3 days. Approximately 5.1% of the company’s stock are short sold. Approximately 5.1% of the company’s stock are short sold. Based on an average daily trading volume, of 177,493 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Large investors have recently made changes to their positions in the company. Cercano Management LLC acquired a new position in Franklin FTSE South Korea ETF during the 3rd quarter worth about $7,117,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Franklin FTSE South Korea ETF during the second quarter worth about $4,140,000. Leavell Investment Management Inc. lifted its stake in shares of Franklin FTSE South Korea ETF by 7.6% in the third quarter. Leavell Investment Management Inc. now owns 113,636 shares of the company’s stock worth $3,067,000 after acquiring an additional 8,049 shares during the period. Lumbard & Kellner LLC bought a new stake in Franklin FTSE South Korea ETF in the third quarter valued at approximately $2,661,000. Finally, Bank of Nova Scotia acquired a new stake in Franklin FTSE South Korea ETF during the 3rd quarter valued at approximately $2,622,000.

Franklin FTSE South Korea ETF Stock Performance

Franklin FTSE South Korea ETF stock traded down $0.60 during midday trading on Friday, reaching $40.07. 212,082 shares of the company’s stock were exchanged, compared to its average volume of 226,829. The stock’s 50-day simple moving average is $33.52 and its 200 day simple moving average is $29.50. The firm has a market cap of $332.58 million, a price-to-earnings ratio of 10.49 and a beta of 1.23. Franklin FTSE South Korea ETF has a 52 week low of $16.54 and a 52 week high of $41.30.

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.