Short Interest in Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Declines By 82.2%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 4,335 shares, a drop of 82.2% from the December 31st total of 24,334 shares. Based on an average daily volume of 9,160 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 9,160 shares, the short-interest ratio is currently 0.5 days.

Franklin FTSE Switzerland ETF Stock Down 2.2%

Shares of NYSEARCA:FLSW traded down $0.96 on Wednesday, hitting $42.32. 44,466 shares of the company traded hands, compared to its average volume of 12,576. The stock has a 50 day simple moving average of $41.09 and a 200-day simple moving average of $39.38. The company has a market cap of $67.71 million, a PE ratio of 209.69 and a beta of 0.80. Franklin FTSE Switzerland ETF has a 52 week low of $31.87 and a 52 week high of $43.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC lifted its holdings in Franklin FTSE Switzerland ETF by 0.5% in the second quarter. Innealta Capital LLC now owns 65,646 shares of the company’s stock valued at $2,490,000 after acquiring an additional 297 shares during the period. Flow Traders U.S. LLC grew its stake in shares of Franklin FTSE Switzerland ETF by 1.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 24,494 shares of the company’s stock valued at $939,000 after purchasing an additional 368 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Franklin FTSE Switzerland ETF by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,514 shares of the company’s stock valued at $902,000 after purchasing an additional 703 shares during the last quarter. SSA Swiss Advisors AG lifted its stake in shares of Franklin FTSE Switzerland ETF by 2.6% in the 2nd quarter. SSA Swiss Advisors AG now owns 28,820 shares of the company’s stock worth $1,121,000 after purchasing an additional 720 shares during the period. Finally, Millstone Evans Group LLC boosted its holdings in shares of 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 buying an additional 751 shares during the last quarter.

Franklin FTSE Switzerland ETF Company Profile

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.