Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Significant Growth in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,350 shares, an increase of 185.7% from the April 30th total of 3,623 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,944 shares, the short-interest ratio is currently 2.6 days.

Franklin FTSE Australia ETF Stock Up 1.0%

FLAU traded up $0.33 on Friday, hitting $34.90. The company’s stock had a trading volume of 94,754 shares, compared to its average volume of 19,352. The company’s 50 day simple moving average is $34.37 and its 200-day simple moving average is $33.29. The firm has a market cap of $94.23 million, a P/E ratio of 20.41 and a beta of 0.99. Franklin FTSE Australia ETF has a 12 month low of $29.99 and a 12 month high of $39.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLAU. Osaic Holdings Inc. boosted its holdings in Franklin FTSE Australia ETF by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after purchasing an additional 731 shares during the period. Jane Street Group LLC boosted its holdings in Franklin FTSE Australia ETF by 10.5% in the 1st quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock valued at $317,000 after purchasing an additional 1,094 shares during the period. National Bank of Canada FI boosted its holdings in Franklin FTSE Australia ETF by 37.1% in the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock valued at $223,000 after purchasing an additional 1,882 shares during the period. Bank of America Corp DE boosted its holdings in Franklin FTSE Australia ETF by 386.5% in the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after purchasing an additional 5,384 shares during the period. Finally, Vivaldi Capital Management LP bought a new position in Franklin FTSE Australia ETF in the 1st quarter valued at $202,000.

Franklin FTSE Australia ETF Company Profile

The Franklin FTSE Australia ETF (FLAU) is an exchange-traded fund that is based on the FTSE Australia RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Australian stocks. FLAU was launched on Nov 2, 2017 and is managed by Franklin Templeton.