Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Significant Decline in Short Interest

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 11,934 shares, a decrease of 98.3% from the May 31st total of 703,543 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 726,987 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLTW. Kestra Private Wealth Services LLC lifted its holdings in Franklin FTSE Taiwan ETF by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after purchasing an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Franklin FTSE Taiwan ETF by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after purchasing an additional 517 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Franklin FTSE Taiwan ETF by 1.9% in the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after purchasing an additional 1,100 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth $86,000. Finally, Bank of America Corp DE raised its position in shares of Franklin FTSE Taiwan ETF by 31.0% during the 2nd 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 period.

Franklin FTSE Taiwan ETF Stock Performance

Shares of NYSEARCA FLTW traded down $2.16 during trading on Friday, hitting $100.07. The company had a trading volume of 240,747 shares, compared to its average volume of 486,783. Franklin FTSE Taiwan ETF has a 12 month low of $51.94 and a 12 month high of $110.32. The firm has a market capitalization of $2.75 billion, a P/E ratio of 17.84 and a beta of 1.11. The stock has a 50 day simple moving average of $94.59 and a 200 day simple moving average of $76.57.

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.