Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Up 160.1% in July

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,594 shares, a growth of 160.1% from the June 30th total of 2,920 shares. Based on an average daily volume of 239,535 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the company’s stock are short sold.

Franklin FTSE Australia ETF Stock Performance

NYSEARCA:FLAU traded up $0.13 during trading hours on Monday, reaching $34.46. The stock had a trading volume of 2,173 shares, compared to its average volume of 33,811. The stock has a market cap of $174.02 million, a P/E ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 12-month low of $30.00 and a 12-month high of $39.87. The stock has a 50 day simple moving average of $34.19 and a 200 day simple moving average of $34.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vivaldi Capital Management LP purchased a new stake in Franklin FTSE Australia ETF in the first quarter worth about $202,000. National Bank of Canada FI boosted its position in shares of Franklin FTSE Australia ETF by 37.1% during the third 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 in the last quarter. Bank of America Corp DE grew its stake in Franklin FTSE Australia ETF by 386.5% in the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock worth $223,000 after purchasing an additional 5,384 shares during the period. Osaic Holdings Inc. grew its stake in Franklin FTSE Australia ETF by 8.6% in the second quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after purchasing an additional 731 shares during the period. Finally, ES4 LLC bought a new position in Franklin FTSE Australia ETF in the fourth quarter worth $289,000.

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.