Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Expands By 379.0%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 22,760 shares, an increase of 379.0% from the June 30th total of 4,752 shares. Based on an average daily trading volume, of 363,702 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Franklin FTSE Taiwan ETF Stock Down 0.8%

Shares of NYSEARCA FLTW traded down $0.78 during midday trading on Monday, hitting $93.45. The stock had a trading volume of 69,468 shares, compared to its average volume of 493,696. The stock has a 50 day simple moving average of $99.65 and a 200-day simple moving average of $82.12. The company has a market capitalization of $2.89 billion, a PE ratio of 17.84 and a beta of 1.10. Franklin FTSE Taiwan ETF has a 1 year low of $52.92 and a 1 year high of $110.32.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds have recently modified their holdings of the business. BOCHK Asset Management Ltd purchased a new position in Franklin FTSE Taiwan ETF in the 4th quarter worth approximately $86,000. Wealthfront Advisers LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the first quarter valued at approximately $233,000. Focus Financial Network Inc. purchased a new position in Franklin FTSE Taiwan ETF during the second quarter worth approximately $280,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Franklin FTSE Taiwan ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after buying an additional 517 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Franklin FTSE Taiwan ETF during the fourth quarter worth $443,000.

Franklin FTSE Taiwan ETF Company Profile

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.