Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 265,101 shares, a decline of 63.4% from the April 15th total of 724,966 shares. Based on an average daily volume of 248,077 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the shares of the stock are sold short.

Franklin FTSE Taiwan ETF Price Performance

FLTW traded up $0.90 during trading on Thursday, hitting $93.18. 401,317 shares of the stock traded hands, compared to its average volume of 326,630. Franklin FTSE Taiwan ETF has a twelve month low of $47.34 and a twelve month high of $94.66. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 17.84 and a beta of 1.08. The business has a 50 day moving average price of $75.62 and a 200 day moving average price of $67.91.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Franklin FTSE Taiwan ETF by 119.4% during the first quarter. Royal Bank of Canada now owns 16,339 shares of the company’s stock worth $707,000 after buying an additional 8,891 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Franklin FTSE Taiwan ETF by 788.1% in the first quarter. Jane Street Group LLC now owns 159,012 shares of the company’s stock worth $6,874,000 after purchasing an additional 141,107 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Franklin FTSE Taiwan ETF by 101.0% in the second quarter. JPMorgan Chase & Co. now owns 69,467 shares of the company’s stock worth $3,626,000 after purchasing an additional 34,905 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Franklin FTSE Taiwan ETF by 35.6% in the second quarter. Bank of Nova Scotia now owns 34,030 shares of the company’s stock worth $1,776,000 after purchasing an additional 8,940 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Franklin FTSE Taiwan ETF by 323.4% in the second 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 purchasing an additional 132,829 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.