Franklin FTSE Australia ETF (NYSEARCA:FLAU) Shares Shorted: Short Interest Up 111.5% in September

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,576 shares, an increase of 111.5% from the September 15th total of 6,893 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,674 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLAU. Citadel Advisors LLC boosted its stake in Franklin FTSE Australia ETF by 76.8% during the second quarter. Citadel Advisors LLC now owns 23,806 shares of the company’s stock valued at $801,000 after buying an additional 10,339 shares during the last quarter. Bank of America Corp DE increased its position in Franklin FTSE Australia ETF by 386.5% during the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after acquiring an additional 5,384 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Franklin FTSE Australia ETF by 74.5% during the first quarter. EverSource Wealth Advisors LLC now owns 17,347 shares of the company’s stock valued at $571,000 after acquiring an additional 7,406 shares during the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in shares of Franklin FTSE Australia ETF in the first quarter valued at $202,000.

Franklin FTSE Australia ETF Trading Down 0.1%

Shares of NYSEARCA:FLAU traded down $0.04 during midday trading on Tuesday, reaching $34.19. 1,114 shares of the company were exchanged, compared to its average volume of 31,884. The business’s fifty day moving average is $35.13 and its two-hundred day moving average is $34.63. Franklin FTSE Australia ETF has a one year low of $30.00 and a one year high of $39.87. The stock has a market cap of $213.66 million, a PE ratio of 20.41 and a beta of 0.99.

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.