Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Short Interest Up 450.0% in June

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,650 shares, an increase of 450.0% from the June 15th total of 300 shares. Based on an average daily volume of 9,743 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Franklin FTSE Switzerland ETF

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in Franklin FTSE Switzerland ETF during the 1st quarter valued at about $50,000. Sankala Group LLC acquired a new stake in Franklin FTSE Switzerland ETF during the fourth quarter valued at $163,000. Millstone Evans Group LLC grew its position in Franklin FTSE Switzerland ETF by 115.8% during the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock valued at $161,000 after buying an additional 2,125 shares during the period. Raymond James Financial Inc. purchased a new position in Franklin FTSE Switzerland ETF in the second quarter valued at $163,000. Finally, Bank of America Corp DE increased its holdings in Franklin FTSE Switzerland ETF by 2,165.4% in the second quarter. Bank of America Corp DE now owns 7,861 shares of the company’s stock valued at $298,000 after buying an additional 7,514 shares in the last quarter.

Franklin FTSE Switzerland ETF Trading Up 0.1%

Shares of FLSW traded up $0.04 during mid-day trading on Friday, hitting $43.54. The company’s stock had a trading volume of 4,779 shares, compared to its average volume of 11,698. The firm has a market capitalization of $82.73 million, a price-to-earnings ratio of 215.74 and a beta of 0.77. The company’s 50-day moving average is $43.16 and its 200-day moving average is $42.53. Franklin FTSE Switzerland ETF has a 52-week low of $36.03 and a 52-week high of $45.33.

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.