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

Franklin FTSE South Korea ETF (NYSEARCA:FLKR) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 230,175 shares, a decline of 20.8% from the January 29th total of 290,620 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 345,577 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 345,577 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.6% of the shares of the stock are sold short.

Franklin FTSE South Korea ETF Stock Up 0.6%

Shares of FLKR opened at $49.07 on Monday. Franklin FTSE South Korea ETF has a twelve month low of $16.54 and a twelve month high of $49.95. The stock has a market cap of $436.72 million, a PE ratio of 10.49 and a beta of 1.23. The business’s 50-day moving average price is $38.54 and its 200-day moving average price is $32.14.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Franklin FTSE South Korea ETF in the first quarter worth $366,000. MMA Asset Management LLC bought a new position in Franklin FTSE South Korea ETF in the 2nd quarter worth about $1,223,000. Bank of Montreal Can purchased a new stake in shares of Franklin FTSE South Korea ETF in the 2nd quarter valued at about $177,000. Innealta Capital LLC grew its holdings in shares of Franklin FTSE South Korea ETF by 3.0% during the second quarter. Innealta Capital LLC now owns 35,071 shares of the company’s stock worth $857,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Franklin FTSE South Korea ETF by 78.3% during the second quarter. Inspire Advisors LLC now owns 55,655 shares of the company’s stock worth $1,360,000 after purchasing an additional 24,443 shares in the last quarter.

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.