Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Significant Increase in Short Interest

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 22,760 shares, a growth of 379.0% from the June 30th total of 4,752 shares. Based on an average trading volume of 363,702 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Franklin FTSE Taiwan ETF Stock Performance

Shares of NYSEARCA:FLTW traded down $2.04 during trading hours on Friday, reaching $94.23. The stock had a trading volume of 198,450 shares, compared to its average volume of 496,751. Franklin FTSE Taiwan ETF has a 1 year low of $52.92 and a 1 year high of $110.32. The firm’s 50 day moving average is $99.65 and its 200-day moving average is $81.98. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 17.84 and a beta of 1.10.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

Several large investors have recently bought and sold shares of FLTW. BOCHK Asset Management Ltd acquired a new stake in Franklin FTSE Taiwan ETF in the fourth quarter valued at $86,000. Wealthfront Advisers LLC acquired a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter worth about $233,000. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth about $280,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after acquiring an additional 517 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Franklin FTSE Taiwan ETF in the 4th quarter valued at about $443,000.

Franklin FTSE Taiwan ETF Company Profile

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.