Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Large Drop in Short Interest

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 748 shares, a decrease of 52.5% from the April 15th total of 1,575 shares. Based on an average daily volume of 9,593 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Franklin FTSE Switzerland ETF Price Performance

Shares of NYSEARCA:FLSW traded down $0.45 during trading on Friday, hitting $42.25. The company’s stock had a trading volume of 3,586 shares, compared to its average volume of 13,773. Franklin FTSE Switzerland ETF has a 12 month low of $36.03 and a 12 month high of $45.33. The firm has a market cap of $80.28 million, a price-to-earnings ratio of 209.34 and a beta of 0.77. The company has a 50-day moving average of $41.60 and a 200-day moving average of $41.50.

Institutional Investors Weigh In On Franklin FTSE Switzerland ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC raised its stake in Franklin FTSE Switzerland ETF by 1.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 24,494 shares of the company’s stock worth $939,000 after acquiring an additional 368 shares during the period. Envestnet Asset Management Inc. raised its stake in Franklin FTSE Switzerland ETF by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,514 shares of the company’s stock worth $902,000 after acquiring an additional 703 shares during the period. Millstone Evans Group LLC raised its holdings in Franklin FTSE Switzerland ETF by 69.3% during the third quarter. Millstone Evans Group LLC now owns 1,835 shares of the company’s stock valued at $70,000 after acquiring an additional 751 shares during the period. Marotta Asset Management raised its holdings in Franklin FTSE Switzerland ETF by 0.4% during the fourth quarter. Marotta Asset Management now owns 261,537 shares of the company’s stock valued at $10,849,000 after acquiring an additional 1,095 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in 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 valued at $1,092,000 after acquiring an additional 1,209 shares during the period.

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.