Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Significant Growth in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,350 shares, an increase of 185.7% from the April 30th total of 3,623 shares. Based on an average daily volume of 3,944 shares, the short-interest ratio is presently 2.6 days. Approximately 0.4% of the shares of the stock are short sold.

Franklin FTSE Australia ETF Price Performance

NYSEARCA:FLAU traded up $0.33 during trading hours on Friday, hitting $34.90. The stock had a trading volume of 94,754 shares, compared to its average volume of 19,352. The company has a 50 day simple moving average of $34.37 and a two-hundred day simple moving average of $33.29. Franklin FTSE Australia ETF has a one year low of $29.99 and a one year high of $39.87. The firm has a market capitalization of $94.23 million, a price-to-earnings ratio of 20.41 and a beta of 0.99.

Institutional Trading of Franklin FTSE Australia ETF

A number of hedge funds have recently made changes to their positions in FLAU. Goldman Sachs Group Inc. bought a new stake in shares of Franklin FTSE Australia ETF during the 1st quarter worth $668,000. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Australia ETF by 10.5% during the 1st quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock worth $317,000 after acquiring an additional 1,094 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Australia ETF by 8,880.4% during the 2nd quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock worth $627,000 after acquiring an additional 19,981 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Franklin FTSE Australia ETF during the 2nd quarter worth $1,642,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Franklin FTSE Australia ETF by 8.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after acquiring an additional 731 shares during the last quarter.

Franklin FTSE Australia ETF Company Profile

The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.