Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) Short Interest Update

Franklin FTSE Asia ex Japan ETF (NYSEARCA:FLAX) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 36,102 shares, a decrease of 37.3% from the April 30th total of 57,548 shares. Based on an average trading volume of 14,237 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.6% of the shares of the stock are short sold.

Franklin FTSE Asia ex Japan ETF Stock Down 1.2%

Shares of NYSEARCA:FLAX opened at $37.86 on Friday. Franklin FTSE Asia ex Japan ETF has a 12 month low of $25.03 and a 12 month high of $38.83. The company’s 50-day moving average price is $34.40 and its two-hundred day moving average price is $32.17. The firm has a market cap of $53.00 million, a P/E ratio of 14.98 and a beta of 0.69.

Institutional Investors Weigh In On Franklin FTSE Asia ex Japan ETF

Hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new stake in Franklin FTSE Asia ex Japan ETF during the 4th quarter worth about $7,259,000. Royal Bank of Canada grew its holdings in Franklin FTSE Asia ex Japan ETF by 44.1% during the 4th quarter. Royal Bank of Canada now owns 30,168 shares of the company’s stock worth $894,000 after acquiring an additional 9,228 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Franklin FTSE Asia ex Japan ETF by 70.1% during the 2nd quarter. Corient Private Wealth LLC now owns 39,673 shares of the company’s stock worth $1,032,000 after acquiring an additional 16,350 shares during the last quarter. Jane Street Group LLC grew its holdings in Franklin FTSE Asia ex Japan ETF by 50.6% during the 2nd quarter. Jane Street Group LLC now owns 61,897 shares of the company’s stock worth $1,609,000 after acquiring an additional 20,806 shares during the last quarter. Finally, PGIM Custom Harvest LLC grew its holdings in Franklin FTSE Asia ex Japan ETF by 0.5% during the 3rd quarter. PGIM Custom Harvest LLC now owns 167,838 shares of the company’s stock worth $4,847,000 after acquiring an additional 855 shares during the last quarter.

About Franklin FTSE Asia ex Japan ETF

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that is based on the FTSE Asia ex Japan RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan. FLAX was launched on Feb 6, 2018 and is managed by Franklin Templeton.