Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Down 63.4% in April

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 265,101 shares, a decline of 63.4% from the April 15th total of 724,966 shares. Based on an average trading volume of 248,077 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the company’s shares are short sold.

Franklin FTSE Taiwan ETF Price Performance

FLTW stock traded down $4.63 during trading on Friday, reaching $88.55. 12,282,692 shares of the stock traded hands, compared to its average volume of 455,189. The business’s 50 day moving average price is $76.48 and its 200-day moving average price is $68.27. Franklin FTSE Taiwan ETF has a 52-week low of $47.34 and a 52-week high of $94.66. The firm has a market capitalization of $2.44 billion, a PE ratio of 17.84 and a beta of 1.08.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Institutional investors have recently added to or reduced their stakes in the company. BOCHK Asset Management Ltd purchased a new stake in Franklin FTSE Taiwan ETF during the fourth quarter valued at about $86,000. Wealthfront Advisers LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF in the first quarter worth about $233,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Franklin FTSE Taiwan ETF by 297.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after buying an additional 3,103 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth about $443,000. Finally, Bank of America Corp DE boosted its position in shares of Franklin FTSE Taiwan ETF by 31.0% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after buying an additional 2,321 shares during the period.

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.