Franklin FTSE India ETF (NYSEARCA:FLIN) Sees Strong Trading Volume

Franklin FTSE India ETF (NYSEARCA:FLIN) shares saw unusually-high trading volume on Tuesday . Approximately 1,280,309 shares were traded during trading, an increase of 334% from the previous session’s volume of 295,249 shares.The stock last traded at $39.67 and had previously closed at $39.24.

Franklin FTSE India ETF Stock Performance

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 27.54 and a beta of 0.52. The business has a 50 day simple moving average of $39.93 and a 200-day simple moving average of $37.93.

Hedge Funds Weigh In On Franklin FTSE India ETF

A number of hedge funds have recently added to or reduced their stakes in FLIN. Raymond James & Associates purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $4,781,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $2,391,000. International Assets Investment Management LLC purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $4,003,000. DHK Financial Advisors Inc. purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $3,878,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Franklin FTSE India ETF in the 4th quarter worth approximately $97,193,000.

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.