Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Decreases By 76.1%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 87,515 shares, a decrease of 76.1% from the January 15th total of 366,589 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 347,101 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 347,101 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s shares are short sold.

Franklin FTSE Taiwan ETF Trading Up 2.7%

Shares of NYSEARCA FLTW traded up $1.85 during midday trading on Wednesday, reaching $70.66. 818,490 shares of the stock were exchanged, compared to its average volume of 307,342. The company has a market capitalization of $770.20 million, a P/E ratio of 17.84 and a beta of 0.94. Franklin FTSE Taiwan ETF has a 52-week low of $35.82 and a 52-week high of $70.78. The stock has a 50 day moving average price of $63.33 and a 200-day moving average price of $59.91.

Institutional Trading of Franklin FTSE Taiwan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FLTW. Elevation Point Wealth Partners LLC purchased a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth $140,000. Bare Financial Services Inc grew its position in shares of Franklin FTSE Taiwan ETF by 690.1% in the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 628 shares during the period. Bank of America Corp DE increased its stake in Franklin FTSE Taiwan ETF by 163.1% in the third quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $1,514,000 after purchasing an additional 15,979 shares during the last quarter. Royal Bank of Canada lifted its position in Franklin FTSE Taiwan ETF by 119.4% during the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after buying an additional 8,891 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in Franklin FTSE Taiwan ETF during the fourth quarter worth about $443,000.

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.