Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Stock Short Interest Falls 46.9%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 25,251 shares, a decrease of 46.9% from the September 15th total of 47,523 shares. Based on an average daily trading volume, of 8,940 shares, the short-interest ratio is presently 2.8 days. Approximately 1.3% of the shares of the company are sold short.

Franklin FTSE Switzerland ETF Stock Performance

FLSW traded up $0.93 on Thursday, hitting $42.75. 5,148 shares of the company were exchanged, compared to its average volume of 10,576. The firm has a market capitalization of $85.50 million, a P/E ratio of 211.82 and a beta of 0.75. Franklin FTSE Switzerland ETF has a fifty-two week low of $37.94 and a fifty-two week high of $45.33. The business’s fifty day moving average is $42.64 and its 200 day moving average is $42.81.

Hedge Funds Weigh In On Franklin FTSE Switzerland ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marotta Asset Management grew its position in Franklin FTSE Switzerland ETF by 0.6% during the third quarter. Marotta Asset Management now owns 259,165 shares of the company’s stock worth $10,568,000 after buying an additional 1,579 shares in the last quarter. Royal Bank of Canada bought a new position in Franklin FTSE Switzerland ETF during the first quarter valued at about $50,000. Quantinno Capital Management LP raised its holdings in Franklin FTSE Switzerland ETF by 4.7% in the 1st quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock valued at $1,092,000 after acquiring an additional 1,209 shares in the last quarter. Millstone Evans Group LLC raised its holdings in Franklin FTSE Switzerland ETF by 115.8% in the 1st quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock valued at $161,000 after acquiring an additional 2,125 shares in the last quarter. Finally, North Capital Inc. raised its holdings in Franklin FTSE Switzerland ETF by 61.9% in the 1st quarter. North Capital Inc. now owns 9,064 shares of the company’s stock valued at $368,000 after acquiring an additional 3,464 shares in the last quarter.

About Franklin FTSE Switzerland ETF

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.