Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Large Increase in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 889,527 shares, an increase of 13,693.3% from the July 30th total of 6,449 shares. Currently, 17.6% of the company’s stock are short sold. Based on an average daily volume of 93,066 shares, the days-to-cover ratio is presently 9.6 days.

Franklin FTSE Australia ETF Price Performance

Franklin FTSE Australia ETF stock traded up $0.44 during mid-day trading on Tuesday, reaching $36.39. The stock had a trading volume of 2,684 shares, compared to its average volume of 35,812. Franklin FTSE Australia ETF has a one year low of $30.00 and a one year high of $39.87. The company has a 50-day moving average price of $34.69 and a two-hundred day moving average price of $34.52. The company has a market capitalization of $183.77 million, a price-to-earnings ratio of 20.41 and a beta of 0.98.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

A number of institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP raised its holdings in Franklin FTSE Australia ETF by 37.4% in the 3rd quarter. Susquehanna International Group LLP now owns 24,968 shares of the company’s stock worth $803,000 after acquiring an additional 6,800 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Australia ETF during the 3rd quarter valued at $781,000. Vident Advisory LLC purchased a new stake in Franklin FTSE Australia ETF during the 2nd quarter valued at $1,642,000. Bank of America Corp DE increased its holdings in shares of Franklin FTSE Australia ETF by 8,880.4% in the 2nd quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock worth $627,000 after purchasing an additional 19,981 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Franklin FTSE Australia ETF by 137.1% in the 2nd quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock worth $844,000 after purchasing an additional 15,740 shares in the last quarter.

Franklin FTSE Australia ETF Company Profile

The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.