Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Growth in Short Interest

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 154,600 shares, a growth of 368.5% from the August 31st total of 33,000 shares. Based on an average trading volume of 79,200 shares, the short-interest ratio is currently 2.0 days. Based on an average trading volume of 79,200 shares, the short-interest ratio is currently 2.0 days.

Franklin FTSE Taiwan ETF Price Performance

Shares of Franklin FTSE Taiwan ETF stock opened at $59.26 on Thursday. Franklin FTSE Taiwan ETF has a fifty-two week low of $35.82 and a fifty-two week high of $59.71. The firm has a market capitalization of $616.30 million, a P/E ratio of 17.84 and a beta of 0.85. The company’s 50 day moving average price is $55.90 and its two-hundred day moving average price is $50.42.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in Franklin FTSE Taiwan ETF by 28.0% during the first quarter. Principal Financial Group Inc. now owns 1,043,528 shares of the company’s stock worth $45,112,000 after buying an additional 228,364 shares during the last quarter. Flow Traders U.S. LLC raised its stake in Franklin FTSE Taiwan ETF by 248.4% during the first quarter. Flow Traders U.S. LLC now owns 742,413 shares of the company’s stock worth $32,095,000 after buying an additional 529,293 shares during the last quarter. Jane Street Group LLC raised its stake in Franklin FTSE Taiwan ETF by 132.2% during the second quarter. Jane Street Group LLC now owns 369,257 shares of the company’s stock worth $19,272,000 after buying an additional 210,245 shares during the last quarter. AIA Group Ltd bought a new position in Franklin FTSE Taiwan ETF during the first quarter worth $12,701,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Franklin FTSE Taiwan ETF by 323.4% during 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 acquiring an additional 132,829 shares in the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.