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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 47,499 shares, a drop of 84.9% from the February 26th total of 314,786 shares. Based on an average daily volume of 369,334 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 369,334 shares, the short-interest ratio is currently 0.1 days.

Franklin FTSE Taiwan ETF Trading Down 2.1%

Shares of FLTW traded down $1.46 during midday trading on Tuesday, reaching $68.03. The stock had a trading volume of 43,875 shares, compared to its average volume of 374,178. The company has a market capitalization of $741.53 million, a price-to-earnings ratio of 17.84 and a beta of 0.94. The company’s 50-day moving average is $68.63 and its 200 day moving average is $63.11. Franklin FTSE Taiwan ETF has a 12-month low of $35.82 and a 12-month high of $74.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLTW. AIA Group Ltd boosted its stake in shares of Franklin FTSE Taiwan ETF by 37.3% in the 3rd quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock valued at $1,973,000 after purchasing an additional 9,125 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after purchasing an additional 181,593 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Franklin FTSE Taiwan ETF in the 2nd quarter worth $140,000. Mirae Asset Global Investments Co. Ltd. raised its position in Franklin FTSE Taiwan ETF by 297.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after purchasing an additional 3,103 shares during the period. Finally, Bare Financial Services Inc lifted its stake in Franklin FTSE Taiwan ETF by 690.1% in the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock worth $38,000 after purchasing an additional 628 shares during the last quarter.

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.