Franklin FTSE South Korea ETF (NYSEARCA:FLKR) Sees Significant Growth in Short Interest

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 335,760 shares, a growth of 45.9% from the February 12th total of 230,175 shares. Based on an average daily trading volume, of 587,581 shares, the short-interest ratio is presently 0.6 days. Approximately 3.8% of the shares of the company are short sold. Approximately 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 587,581 shares, the short-interest ratio is presently 0.6 days.

Franklin FTSE South Korea ETF Stock Up 0.6%

FLKR opened at $40.25 on Monday. The stock has a market cap of $358.23 million, a price-to-earnings ratio of 10.49 and a beta of 1.23. Franklin FTSE South Korea ETF has a twelve month low of $16.54 and a twelve month high of $49.95. The company’s 50-day moving average price is $40.71 and its two-hundred day moving average price is $33.40.

Hedge Funds Weigh In On Franklin FTSE South Korea ETF

Several institutional investors have recently bought and sold shares of FLKR. Vident Advisory LLC grew its holdings in Franklin FTSE South Korea ETF by 1,154.9% during the fourth quarter. Vident Advisory LLC now owns 108,363 shares of the company’s stock valued at $3,473,000 after purchasing an additional 99,728 shares during the period. Empowered Funds LLC bought a new stake in shares of Franklin FTSE South Korea ETF in the fourth quarter valued at $5,104,000. Osaic Holdings Inc. lifted its position in shares of Franklin FTSE South Korea ETF by 38.7% during the 4th quarter. Osaic Holdings Inc. now owns 17,359 shares of the company’s stock valued at $556,000 after buying an additional 4,848 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Franklin FTSE South Korea ETF during the 4th quarter valued at $352,000. Finally, Bank of Nova Scotia grew its stake in shares of Franklin FTSE South Korea ETF by 26.4% during the 4th quarter. Bank of Nova Scotia now owns 122,730 shares of the company’s stock worth $3,972,000 after acquiring an additional 25,600 shares during the period.

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.