Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Grows By 3,275.3%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 703,543 shares, a growth of 3,275.3% from the May 14th total of 20,844 shares. Based on an average daily volume of 800,875 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the shares of the company are sold short.

Franklin FTSE Taiwan ETF Stock Performance

Shares of FLTW stock traded down $1.00 during trading on Wednesday, hitting $98.15. The company had a trading volume of 56,327 shares, compared to its average volume of 506,827. The firm has a market capitalization of $2.70 billion, a P/E ratio of 17.84 and a beta of 1.11. Franklin FTSE Taiwan ETF has a one year low of $49.53 and a one year high of $105.81. The stock’s 50-day moving average price is $86.37 and its 200 day moving average price is $72.72.

Institutional Trading of Franklin FTSE Taiwan ETF

A number of institutional investors have recently modified their holdings of the stock. BOCHK Asset Management Ltd bought a new position in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth $86,000. Wealthfront Advisers LLC acquired a new stake in Franklin FTSE Taiwan ETF during the first quarter worth about $233,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after buying an additional 517 shares during the period. Kestra Private Wealth Services LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the 4th quarter worth approximately $443,000. Finally, Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Taiwan ETF by 31.0% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after acquiring an additional 2,321 shares during the period.

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.