Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Down 81.9% in August

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 58,461 shares, a drop of 81.9% from the July 30th total of 322,142 shares. Based on an average daily volume of 673,794 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLTW. Principal Financial Group Inc. increased its stake in shares of Franklin FTSE Taiwan ETF by 27.5% during the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock worth $62,389,000 after buying an additional 197,716 shares during the period. Jane Street Group LLC increased its position in shares of Franklin FTSE Taiwan ETF by 281.4% in the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after purchasing an additional 440,060 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Franklin FTSE Taiwan ETF by 464.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after purchasing an additional 410,093 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Franklin FTSE Taiwan ETF by 15.6% in the 4th quarter. JPMorgan Chase & Co. now owns 290,149 shares of the company’s stock valued at $17,653,000 after purchasing an additional 39,089 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Franklin FTSE Taiwan ETF by 323.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after purchasing an additional 132,829 shares in the last quarter.

Franklin FTSE Taiwan ETF Trading Up 1.1%

FLTW traded up $1.10 during trading hours on Wednesday, hitting $102.19. 22,775 shares of the company’s stock were exchanged, compared to its average volume of 491,551. Franklin FTSE Taiwan ETF has a 12-month low of $52.92 and a 12-month high of $110.32. The firm has a market cap of $2.91 billion, a P/E ratio of 17.84 and a beta of 1.12. The firm has a 50 day moving average of $99.42 and a 200 day moving average of $87.12.

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.