Franklin FTSE Hong Kong ETF (NYSEARCA:FLHK) Trading Down 3.9%

Franklin FTSE Hong Kong ETF (NYSEARCA:FLHK)’s share price dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $25.54 and last traded at $25.54, approximately 100 shares were traded during trading. A decline of 84% from the average daily volume of 623 shares. The stock had previously closed at $26.57.

The company’s 50-day simple moving average is $25.31 and its 200 day simple moving average is $24.91.

A hedge fund recently raised its stake in Franklin FTSE Hong Kong ETF stock. Bank of America Corp DE increased its stake in shares of Franklin FTSE Hong Kong ETF (NYSEARCA:FLHK) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,151 shares of the company’s stock after purchasing an additional 3,401 shares during the quarter. Bank of America Corp DE owned 41.75% of Franklin FTSE Hong Kong ETF worth $8,375,000 at the end of the most recent quarter.

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