Franklin FTSE Japan ETF (NYSEARCA:FLJP) Sees Unusually-High Trading Volume – What’s Next?

Franklin FTSE Japan ETF (NYSEARCA:FLJP) shares saw unusually-high trading volume on Friday . Approximately 2,600,317 shares traded hands during mid-day trading, an increase of 236% from the previous session’s volume of 774,517 shares.The stock last traded at $30.49 and had previously closed at $30.50.

Franklin FTSE Japan ETF Trading Down 0.1 %

The company has a market capitalization of $1.98 billion, a PE ratio of 14.50 and a beta of 0.63. The firm has a 50 day simple moving average of $29.32 and a two-hundred day simple moving average of $29.33.

Hedge Funds Weigh In On Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLJP. US Bancorp DE grew its holdings in Franklin FTSE Japan ETF by 122.0% during the fourth quarter. US Bancorp DE now owns 957 shares of the company’s stock worth $27,000 after acquiring an additional 526 shares during the period. Huntington National Bank grew its stake in shares of Franklin FTSE Japan ETF by 139.0% during the 4th quarter. Huntington National Bank now owns 956 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the period. Clean Yield Group acquired a new position in shares of Franklin FTSE Japan ETF during the 4th quarter worth $50,000. Harbour Investments Inc. increased its holdings in shares of Franklin FTSE Japan ETF by 188.8% in the 4th quarter. Harbour Investments Inc. now owns 1,854 shares of the company’s stock valued at $53,000 after purchasing an additional 1,212 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Franklin FTSE Japan ETF in the third quarter valued at about $171,000.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.