Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume – Here’s What Happened

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw an uptick in trading volume on Friday . 667,423 shares changed hands during trading, an increase of 99% from the previous session’s volume of 335,429 shares.The stock last traded at $36.88 and had previously closed at $36.28.

Franklin FTSE India ETF Stock Performance

The company’s fifty day simple moving average is $35.73 and its two-hundred day simple moving average is $38.41. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 23.47 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Menora Mivtachim Holdings LTD. grew its position in shares of Franklin FTSE India ETF by 7.2% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 11,161,486 shares of the company’s stock valued at $423,020,000 after buying an additional 750,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Franklin FTSE India ETF by 45.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,795,490 shares of the company’s stock worth $68,041,000 after purchasing an additional 560,000 shares during the period. Ativo Capital Management LLC bought a new stake in shares of Franklin FTSE India ETF in the 3rd quarter worth approximately $17,377,000. Principal Financial Group Inc. boosted its position in Franklin FTSE India ETF by 91.2% during the 4th quarter. Principal Financial Group Inc. now owns 407,396 shares of the company’s stock valued at $15,440,000 after purchasing an additional 194,345 shares during the period. Finally, Franklin Resources Inc. grew its stake in Franklin FTSE India ETF by 172.0% during the 3rd quarter. Franklin Resources Inc. now owns 266,515 shares of the company’s stock worth $10,919,000 after buying an additional 168,525 shares during 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.