Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Stock Short Interest Climbs 76.5%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 47,523 shares, an increase of 76.5% from the August 31st total of 26,923 shares. Based on an average trading volume of 7,703 shares, the short-interest ratio is currently 6.2 days. Currently, 2.5% of the shares of the stock are short sold.

Franklin FTSE Switzerland ETF Stock Performance

Shares of NYSEARCA FLSW traded down $0.62 during trading hours on Thursday, hitting $40.63. 774 shares of the stock were exchanged, compared to its average volume of 10,541. The company has a market cap of $77.20 million, a PE ratio of 201.32 and a beta of 0.76. The company’s fifty day simple moving average is $43.18 and its two-hundred day simple moving average is $42.72. Franklin FTSE Switzerland ETF has a 1-year low of $37.94 and a 1-year high of $45.33.

Institutional Investors Weigh In On Franklin FTSE Switzerland ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its stake in shares of Franklin FTSE Switzerland ETF by 4.7% in the 1st quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock valued at $1,092,000 after purchasing an additional 1,209 shares during the last quarter. North Capital Inc. lifted its position in shares of Franklin FTSE Switzerland ETF by 61.9% during the 1st quarter. North Capital Inc. now owns 9,064 shares of the company’s stock worth $368,000 after buying an additional 3,464 shares during the last quarter. Millstone Evans Group LLC boosted its stake in Franklin FTSE Switzerland ETF by 115.8% in the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock valued at $161,000 after buying an additional 2,125 shares in the last quarter. Sankala Group LLC bought a new position in Franklin FTSE Switzerland ETF in the fourth quarter valued at about $163,000. Finally, Royal Bank of Canada bought a new position in Franklin FTSE Switzerland ETF in the first quarter valued at about $50,000.

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.