Franklin FTSE India ETF (NYSEARCA:FLIN) Short Interest Up 111.3% in June

Franklin FTSE India ETF (NYSEARCA:FLIN) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 414,225 shares, a growth of 111.3% from the May 31st total of 196,063 shares. Based on an average daily trading volume, of 497,390 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold.

Franklin FTSE India ETF Price Performance

FLIN opened at $35.42 on Thursday. The stock’s 50 day moving average price is $34.94 and its 200 day moving average price is $36.02. The stock has a market cap of $2.71 billion, a P/E ratio of 22.46 and a beta of 0.47. Franklin FTSE India ETF has a 12 month low of $32.20 and a 12 month high of $39.99.

Institutional Investors Weigh In On Franklin FTSE India ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advocate Investing Services LLC bought a new position in Franklin FTSE India ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Franklin FTSE India ETF during the 4th quarter worth about $26,000. Ankerstar Wealth LLC acquired a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $31,000. Dunhill Financial LLC acquired a new stake in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Franklin FTSE India ETF in the fourth quarter valued at approximately $36,000.

About Franklin FTSE India ETF

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.