Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Grows By 379.0%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 22,760 shares, an increase of 379.0% from the June 30th total of 4,752 shares. Based on an average daily trading volume, of 363,702 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Franklin FTSE Taiwan ETF Trading Down 2.1%

Shares of NYSEARCA FLTW traded down $2.04 during mid-day trading on Friday, hitting $94.23. The company had a trading volume of 198,450 shares, compared to its average volume of 496,751. The company has a market capitalization of $2.91 billion, a PE ratio of 17.84 and a beta of 1.10. The firm has a 50-day simple moving average of $99.65 and a two-hundred day simple moving average of $81.98. Franklin FTSE Taiwan ETF has a one year low of $52.92 and a one year high of $110.32.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in shares of Franklin FTSE Taiwan ETF by 281.4% during the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after purchasing an additional 440,060 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Franklin FTSE Taiwan ETF by 464.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after buying an additional 410,093 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Franklin FTSE Taiwan ETF by 27.5% in the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after buying an additional 197,716 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after buying an additional 181,593 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Franklin FTSE Taiwan ETF by 323.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock worth $9,076,000 after buying an additional 132,829 shares during the last quarter.

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.