Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Stock Short Interest Drops 46.9%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 25,251 shares, a decline of 46.9% from the September 15th total of 47,523 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 8,940 shares, the short-interest ratio is currently 2.8 days.

Hedge Funds Weigh In On Franklin FTSE Switzerland ETF

Institutional investors have recently made changes to their positions in the business. Marotta Asset Management lifted its stake in Franklin FTSE Switzerland ETF by 0.6% during the third quarter. Marotta Asset Management now owns 259,165 shares of the company’s stock worth $10,568,000 after purchasing an additional 1,579 shares during the last quarter. Royal Bank of Canada bought a new stake in Franklin FTSE Switzerland ETF during the first quarter valued at $50,000. Quantinno Capital Management LP raised its holdings in shares of Franklin FTSE Switzerland ETF by 4.7% during the first quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock worth $1,092,000 after purchasing an additional 1,209 shares during the period. Millstone Evans Group LLC raised its stake in Franklin FTSE Switzerland ETF by 115.8% during the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock worth $161,000 after acquiring an additional 2,125 shares during the period. Finally, North Capital Inc. raised its stake in Franklin FTSE Switzerland ETF by 61.9% during the first quarter. North Capital Inc. now owns 9,064 shares of the company’s stock worth $368,000 after acquiring an additional 3,464 shares during the period.

Franklin FTSE Switzerland ETF Stock Performance

Shares of FLSW traded up $0.16 during trading hours on Friday, hitting $42.91. The stock had a trading volume of 5,979 shares, compared to its average volume of 10,553. The company’s fifty day simple moving average is $42.64 and its 200 day simple moving average is $42.81. The firm has a market cap of $85.82 million, a P/E ratio of 212.61 and a beta of 0.75. Franklin FTSE Switzerland ETF has a 12-month low of $37.94 and a 12-month high of $45.33.

About Franklin FTSE Switzerland ETF

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.