Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Expands By 96.1%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 171,599 shares, an increase of 96.1% from the January 29th total of 87,515 shares. Based on an average daily trading volume, of 277,769 shares, the short-interest ratio is presently 0.6 days. Approximately 1.6% of the shares of the stock are short sold. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 277,769 shares, the short-interest ratio is presently 0.6 days.

Franklin FTSE Taiwan ETF Price Performance

Shares of Franklin FTSE Taiwan ETF stock opened at $73.30 on Friday. The business has a 50 day simple moving average of $66.21 and a two-hundred day simple moving average of $61.41. Franklin FTSE Taiwan ETF has a 12 month low of $35.82 and a 12 month high of $74.74. The stock has a market capitalization of $798.97 million, a P/E ratio of 17.84 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bare Financial Services Inc grew its holdings in shares of Franklin FTSE Taiwan ETF by 690.1% during the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock worth $38,000 after buying an additional 628 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in Franklin FTSE Taiwan ETF during the fourth quarter worth about $86,000. Elevation Point Wealth Partners LLC purchased a new stake in Franklin FTSE Taiwan ETF during the 2nd quarter valued at about $140,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Franklin FTSE Taiwan ETF by 297.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock valued at $243,000 after acquiring an additional 3,103 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Franklin FTSE Taiwan ETF by 1,084.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock worth $291,000 after purchasing an additional 5,097 shares in the last quarter.

About Franklin FTSE Taiwan ETF

The Franklin FTSE Taiwan ETF (FLTW) is an exchange-traded fund that is based on the FTSE Taiwan RIC Capped index, a market-cap-weighted index of Taiwanese companies, excluding small-caps. FLTW was launched on Nov 2, 2017 and is managed by Franklin Templeton.