Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Unusually-High Trading Volume

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw strong trading volume on Thursday . 1,017,764 shares changed hands during mid-day trading, an increase of 221% from the previous session’s volume of 317,148 shares.The stock last traded at $41.26 and had previously closed at $41.58.

Franklin FTSE India ETF Trading Down 1.2 %

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52. The stock has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $39.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLIN. Jane Street Group LLC grew its stake in shares of Franklin FTSE India ETF by 3,934.5% in the first quarter. Jane Street Group LLC now owns 1,277,407 shares of the company’s stock worth $47,072,000 after purchasing an additional 1,245,745 shares in the last quarter. Csenge Advisory Group bought a new position in Franklin FTSE India ETF during the second quarter valued at about $8,420,000. OLD Second National Bank of Aurora purchased a new stake in shares of Franklin FTSE India ETF during the first quarter valued at $7,145,000. OLD Mission Capital LLC lifted its stake in Franklin FTSE India ETF by 262.5% in the 1st quarter. OLD Mission Capital LLC now owns 132,032 shares of the company’s stock worth $4,865,000 after acquiring an additional 95,611 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Franklin FTSE India ETF in the 2nd quarter worth about $3,360,000.

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.