Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Down 92.1% in May

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 20,844 shares, a decline of 92.1% from the April 30th total of 265,101 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,292,654 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Franklin FTSE Taiwan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC boosted its stake in Franklin FTSE Taiwan ETF by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock worth $504,000 after buying an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Franklin FTSE Taiwan ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after buying an additional 517 shares during the last quarter. Bank of Nova Scotia boosted its stake in Franklin FTSE Taiwan ETF by 1.9% during the first quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after buying an additional 1,100 shares during the last quarter. BOCHK Asset Management Ltd acquired a new position in Franklin FTSE Taiwan ETF during the fourth quarter worth $86,000. Finally, Bank of America Corp DE boosted its stake in Franklin FTSE Taiwan ETF by 31.0% during the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after buying an additional 2,321 shares during the last quarter.

Franklin FTSE Taiwan ETF Trading Up 1.0%

NYSEARCA FLTW traded up $1.05 on Wednesday, reaching $101.32. 1,464,871 shares of the company were exchanged, compared to its average volume of 487,939. The business’s fifty day moving average price is $79.84 and its 200 day moving average price is $69.79. The stock has a market capitalization of $2.79 billion, a P/E ratio of 17.84 and a beta of 1.08. Franklin FTSE Taiwan ETF has a fifty-two week low of $47.34 and a fifty-two week high of $102.56.

About Franklin FTSE Taiwan ETF

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.