Short Interest in Franklin FTSE India ETF (NYSEARCA:FLIN) Expands By 85.3%

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 394,257 shares, an increase of 85.3% from the July 15th total of 212,779 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 636,447 shares, the days-to-cover ratio is presently 0.6 days.

Franklin FTSE India ETF Trading Down 0.4%

Franklin FTSE India ETF stock traded down $0.16 on Friday, hitting $35.77. 135,891 shares of the stock traded hands, compared to its average volume of 858,801. Franklin FTSE India ETF has a 1 year low of $32.20 and a 1 year high of $39.85. The firm has a market cap of $2.66 billion, a P/E ratio of 22.46 and a beta of 0.47. The business’s fifty day simple moving average is $35.32 and its 200 day simple moving average is $35.43.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FLIN. National Bank of Canada FI boosted its stake in Franklin FTSE India ETF by 4.8% during the third quarter. National Bank of Canada FI now owns 5,827 shares of the company’s stock worth $217,000 after acquiring an additional 268 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Franklin FTSE India ETF by 1.7% during the third 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. SCS Capital Management LLC lifted its holdings in shares of Franklin FTSE India ETF by 0.4% during the fourth quarter. SCS Capital Management LLC now owns 77,560 shares of the company’s stock valued at $2,993,000 after purchasing an additional 306 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Franklin FTSE India ETF by 0.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 73,037 shares of the company’s stock valued at $2,818,000 after purchasing an additional 332 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Franklin FTSE India ETF by 2.4% in the 4th quarter. Stifel Financial Corp now owns 16,380 shares of the company’s stock worth $632,000 after purchasing an additional 381 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.