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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 132,974 shares, a growth of 127.5% from the August 15th total of 58,461 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 183,486 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter worth approximately $233,000. Focus Financial Network Inc. acquired a new position in Franklin FTSE Taiwan ETF in the second quarter valued at about $280,000. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at $369,000. Kestra Private Wealth Services LLC grew its position in Franklin FTSE Taiwan ETF by 1.8% in the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after acquiring an additional 131 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Franklin FTSE Taiwan ETF by 64.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 shares in the last quarter.

Franklin FTSE Taiwan ETF Price Performance

Shares of Franklin FTSE Taiwan ETF stock traded down $0.47 on Tuesday, hitting $102.56. The company had a trading volume of 19,685 shares, compared to its average volume of 470,625. The firm has a market capitalization of $2.92 billion, a P/E ratio of 17.84 and a beta of 1.13. The stock has a 50-day moving average of $99.91 and a 200-day moving average of $90.62. Franklin FTSE Taiwan ETF has a twelve month low of $56.57 and a twelve month high of $110.32.

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.