Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 322,142 shares, an increase of 1,315.4% from the July 15th total of 22,760 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 776,998 shares, the days-to-cover ratio is currently 0.4 days.

Franklin FTSE Taiwan ETF Stock Performance

FLTW opened at $100.41 on Wednesday. The firm’s 50-day simple moving average is $99.28 and its 200-day simple moving average is $84.72. Franklin FTSE Taiwan ETF has a twelve month low of $52.92 and a twelve month high of $110.32. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLTW. Wealthfront Advisers LLC acquired a new stake in Franklin FTSE Taiwan ETF in the 1st quarter valued at about $233,000. Focus Financial Network Inc. bought a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth approximately $280,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after acquiring an additional 517 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Franklin FTSE Taiwan ETF during the 4th quarter valued at $443,000. Finally, Bank of America Corp DE increased its holdings in shares of Franklin FTSE Taiwan ETF by 31.0% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after purchasing an additional 2,321 shares during the last quarter.

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.