Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Large Growth in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,920 shares, an increase of 399.1% from the June 15th total of 585 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,158 shares, the short-interest ratio is presently 0.7 days.

Franklin FTSE Australia ETF Price Performance

NYSEARCA FLAU traded down $0.13 on Monday, reaching $33.86. The company had a trading volume of 4,558 shares, compared to its average volume of 33,831. The firm has a market cap of $86.34 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a fifty-two week low of $30.00 and a fifty-two week high of $39.87. The business has a 50 day moving average of $34.35 and a two-hundred day moving average of $33.91.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

A number of institutional investors have recently made changes to their positions in FLAU. Bank of America Corp DE increased its stake in shares of Franklin FTSE Australia ETF by 386.5% in the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after buying an additional 5,384 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Franklin FTSE Australia ETF by 74.5% in the first quarter. EverSource Wealth Advisors LLC now owns 17,347 shares of the company’s stock worth $571,000 after acquiring an additional 7,406 shares during the period. Vivaldi Capital Management LP bought a new stake in Franklin FTSE Australia ETF in the first quarter valued at approximately $202,000. ES4 LLC acquired a new position in shares of Franklin FTSE Australia ETF in the 4th quarter worth approximately $289,000. Finally, Jane Street Group LLC lifted its position in shares of Franklin FTSE Australia ETF by 53.5% in the 4th quarter. Jane Street Group LLC now owns 10,289 shares of the company’s stock worth $323,000 after purchasing an additional 3,587 shares during the period.

Franklin FTSE Australia ETF Company Profile

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.