Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 132,974 shares, a growth of 127.5% from the August 15th total of 58,461 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 183,486 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC acquired a new stake in Franklin FTSE Taiwan ETF during the 1st quarter worth $233,000. Focus Financial Network Inc. purchased a new position in Franklin FTSE Taiwan ETF in the 2nd quarter valued at $280,000. Citadel Advisors LLC acquired a new position in Franklin FTSE Taiwan ETF in the 2nd quarter valued at $369,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Franklin FTSE Taiwan ETF by 1.8% in the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after acquiring an additional 131 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Franklin FTSE Taiwan ETF by 31.0% during the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after purchasing an additional 2,321 shares in the last quarter.

Franklin FTSE Taiwan ETF Stock Performance

Shares of NYSEARCA FLTW opened at $106.73 on Monday. Franklin FTSE Taiwan ETF has a twelve month low of $56.57 and a twelve month high of $110.32. The stock has a fifty day simple moving average of $99.92 and a 200-day simple moving average of $90.41. The stock has a market capitalization of $3.04 billion, a PE ratio of 17.84 and a beta of 1.13.

Franklin FTSE Taiwan ETF Company Profile

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.