Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Decrease in Short Interest

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,844 shares, a drop of 92.1% from the April 30th total of 265,101 shares. Based on an average daily volume of 1,292,654 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Franklin FTSE Taiwan ETF by 27.5% in the 1st quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock worth $62,389,000 after acquiring an additional 197,716 shares during the last quarter. Jane Street Group LLC raised its holdings in Franklin FTSE Taiwan ETF by 281.4% in the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after acquiring an additional 440,060 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Franklin FTSE Taiwan ETF by 464.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock worth $30,316,000 after acquiring an additional 410,093 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Franklin FTSE Taiwan ETF by 15.6% in the 4th quarter. JPMorgan Chase & Co. now owns 290,149 shares of the company’s stock worth $17,653,000 after acquiring an additional 39,089 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Franklin FTSE Taiwan ETF by 323.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock worth $9,076,000 after acquiring an additional 132,829 shares during the last quarter.

Franklin FTSE Taiwan ETF Stock Down 0.6%

Shares of FLTW stock traded down $0.58 during trading hours on Thursday, hitting $100.74. 574,980 shares of the company’s stock traded hands, compared to its average volume of 488,749. The stock’s fifty day simple moving average is $80.47 and its two-hundred day simple moving average is $70.08. Franklin FTSE Taiwan ETF has a 12-month low of $47.34 and a 12-month high of $102.56. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08.

About Franklin FTSE Taiwan ETF

The Franklin FTSE Taiwan ETF (FLTW) is an exchange-traded fund that is based on the FTSE Taiwan RIC Capped index, a market-cap-weighted index of Taiwanese companies, excluding small-caps. FLTW was launched on Nov 2, 2017 and is managed by Franklin Templeton.