Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

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. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 800,875 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AIA Group Ltd raised its position in shares of Franklin FTSE Taiwan ETF by 37.3% in the third quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock worth $1,973,000 after acquiring an additional 9,125 shares during the period. JPMorgan Chase & Co. raised its position in shares of Franklin FTSE Taiwan ETF by 261.4% in the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after acquiring an additional 181,593 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth about $443,000. Royal Bank of Canada raised its position in shares of Franklin FTSE Taiwan ETF by 96.9% in the first quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock worth $4,150,000 after acquiring an additional 29,988 shares during the period. Finally, Bank of Nova Scotia raised its position in shares of Franklin FTSE Taiwan ETF by 1.9% in the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after acquiring an additional 1,100 shares during the period.

Franklin FTSE Taiwan ETF Stock Performance

NYSEARCA FLTW traded up $0.76 on Tuesday, reaching $99.15. 615,047 shares of the company’s stock traded hands, compared to its average volume of 511,029. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 17.84 and a beta of 1.11. The stock has a 50 day moving average price of $86.37 and a 200-day moving average price of $72.72. Franklin FTSE Taiwan ETF has a fifty-two week low of $49.53 and a fifty-two week high of $105.81.

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.