Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Down 99.4% in August

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,632 shares, a drop of 99.4% from the August 15th total of 889,527 shares. Based on an average trading volume of 9,887 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

Franklin FTSE Australia ETF Stock Performance

Franklin FTSE Australia ETF stock opened at $35.04 on Friday. The company’s 50 day simple moving average is $35.18 and its 200-day simple moving average is $34.65. Franklin FTSE Australia ETF has a 1 year low of $30.00 and a 1 year high of $39.87. The company has a market capitalization of $176.95 million, a price-to-earnings ratio of 20.41 and a beta of 0.98.

Institutional Trading of Franklin FTSE Australia ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLAU. Vident Advisory LLC purchased a new position in shares of Franklin FTSE Australia ETF during the second quarter worth $1,642,000. Jane Street Group LLC lifted its stake in Franklin FTSE Australia ETF by 137.1% during the 2nd quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock worth $844,000 after acquiring an additional 15,740 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in Franklin FTSE Australia ETF by 37.4% during the 3rd quarter. Susquehanna International Group LLP now owns 24,968 shares of the company’s stock valued at $803,000 after acquiring an additional 6,800 shares during the period. Flow Traders U.S. LLC acquired a new position in Franklin FTSE Australia ETF in the 3rd quarter valued at about $781,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Franklin FTSE Australia ETF during the first quarter worth about $668,000.

About Franklin FTSE Australia ETF

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.