Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Down 88.8% in May

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,156 shares, a decrease of 88.8% from the May 14th total of 10,350 shares. Based on an average daily trading volume, of 13,678 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Franklin FTSE Australia ETF Trading Up 0.8%

Shares of Franklin FTSE Australia ETF stock traded up $0.28 during trading hours on Tuesday, reaching $33.78. 1,883 shares of the company’s stock were exchanged, compared to its average volume of 18,288. The company has a 50 day moving average of $34.55 and a two-hundred day moving average of $33.43. Franklin FTSE Australia ETF has a fifty-two week low of $29.99 and a fifty-two week high of $39.87. The stock has a market cap of $91.21 million, a P/E ratio of 20.41 and a beta of 0.98.

Hedge Funds Weigh In On Franklin FTSE Australia ETF

A number of large investors have recently modified their holdings of FLAU. Vivaldi Capital Management LP acquired a new position in shares of Franklin FTSE Australia ETF during the 1st quarter worth about $202,000. National Bank of Canada FI raised its holdings in shares of Franklin FTSE Australia ETF by 37.1% in the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock valued at $223,000 after purchasing an additional 1,882 shares during the period. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Australia ETF by 386.5% in the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after purchasing an additional 5,384 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Franklin FTSE Australia ETF by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after purchasing an additional 731 shares during the period. Finally, ES4 LLC bought a new stake in shares of Franklin FTSE Australia ETF in the 4th quarter valued at about $289,000.

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.