Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Large Drop in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 585 shares, a drop of 49.4% from the May 31st total of 1,156 shares. Based on an average trading volume of 2,706 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Franklin FTSE Australia ETF Trading Down 1.4%

FLAU stock traded down $0.47 during trading on Wednesday, hitting $33.19. 2,378 shares of the company’s stock were exchanged, compared to its average volume of 16,503. The business has a 50-day moving average price of $34.49 and a two-hundred day moving average price of $33.80. The stock has a market capitalization of $84.63 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 52-week low of $30.00 and a 52-week high of $39.87.

Institutional Trading of Franklin FTSE Australia ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Franklin FTSE Australia ETF by 386.5% during the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after acquiring an additional 5,384 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Franklin FTSE Australia ETF by 74.5% in the first quarter. EverSource Wealth Advisors LLC now owns 17,347 shares of the company’s stock valued at $571,000 after purchasing an additional 7,406 shares during the period. Vivaldi Capital Management LP purchased a new stake in shares of Franklin FTSE Australia ETF during the first quarter worth approximately $202,000. ES4 LLC acquired a new stake in shares of Franklin FTSE Australia ETF during the fourth quarter worth $289,000. Finally, Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Australia ETF by 53.5% during the fourth quarter. Jane Street Group LLC now owns 10,289 shares of the company’s stock worth $323,000 after purchasing an additional 3,587 shares during the period.

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.