Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Large Growth in Short Interest

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 19,169 shares, a growth of 592.8% from the November 30th total of 2,767 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 4,762 shares, the short-interest ratio is currently 4.0 days. Based on an average daily volume of 4,762 shares, the short-interest ratio is currently 4.0 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Trading of Franklin FTSE Switzerland ETF

Several institutional investors have recently modified their holdings of FLSW. Millstone Evans Group LLC lifted its position in Franklin FTSE Switzerland ETF by 69.3% in the third quarter. Millstone Evans Group LLC now owns 1,835 shares of the company’s stock worth $70,000 after purchasing an additional 751 shares during the period. Raymond James Financial Inc. bought a new position in shares of Franklin FTSE Switzerland ETF during the 2nd quarter worth about $163,000. North Capital Inc. acquired a new stake in shares of Franklin FTSE Switzerland ETF during the 3rd quarter valued at about $215,000. Bank of America Corp DE boosted its position in shares of Franklin FTSE Switzerland ETF by 2,165.4% during the 2nd quarter. Bank of America Corp DE now owns 7,861 shares of the company’s stock valued at $298,000 after acquiring an additional 7,514 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new position in Franklin FTSE Switzerland ETF in the third quarter worth about $583,000.

Franklin FTSE Switzerland ETF Stock Performance

Shares of NYSEARCA:FLSW traded up $0.06 on Wednesday, hitting $41.83. 5,341 shares of the company were exchanged, compared to its average volume of 8,120. The company’s 50 day moving average price is $39.72 and its two-hundred day moving average price is $38.68. The firm has a market capitalization of $62.75 million, a price-to-earnings ratio of 207.26 and a beta of 0.80. Franklin FTSE Switzerland ETF has a one year low of $31.84 and a one year high of $41.86.

About Franklin FTSE Switzerland ETF

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.