Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Drops By 81.9%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 58,461 shares, a decrease of 81.9% from the July 30th total of 322,142 shares. Based on an average daily trading volume, of 673,794 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Hedge funds have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter valued at approximately $233,000. Focus Financial Network Inc. acquired a new stake in Franklin FTSE Taiwan ETF in the second quarter valued at approximately $280,000. Kestra Private Wealth Services LLC acquired a new stake in Franklin FTSE Taiwan ETF in the 4th quarter worth about $443,000. Bank of America Corp DE grew its holdings in shares of Franklin FTSE Taiwan ETF by 31.0% in the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after purchasing an additional 2,321 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Franklin FTSE Taiwan ETF by 64.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after buying an additional 3,544 shares during the period.

Franklin FTSE Taiwan ETF Stock Up 1.1%

Shares of FLTW traded up $1.10 during trading hours on Wednesday, reaching $102.19. 22,775 shares of the company traded hands, compared to its average volume of 491,551. The business has a fifty day moving average price of $99.42 and a 200-day moving average price of $87.12. Franklin FTSE Taiwan ETF has a 12-month low of $52.92 and a 12-month high of $110.32. The stock has a market capitalization of $2.91 billion, a P/E ratio of 17.84 and a beta of 1.12.

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.