Short Interest in Franklin FTSE Australia ETF (NYSEARCA:FLAU) Increases By 160.1%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,594 shares, an increase of 160.1% from the June 30th total of 2,920 shares. Based on an average daily volume of 239,535 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Franklin FTSE Australia ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Franklin FTSE Australia ETF by 8.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after purchasing an additional 731 shares during the period. Jane Street Group LLC grew its holdings in Franklin FTSE Australia ETF by 10.5% in the 1st quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock valued at $317,000 after buying an additional 1,094 shares during the period. National Bank of Canada FI increased its stake in shares of Franklin FTSE Australia ETF by 37.1% during the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock valued at $223,000 after acquiring an additional 1,882 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Franklin FTSE Australia ETF by 386.5% in the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock worth $223,000 after acquiring an additional 5,384 shares during the last quarter. Finally, Vivaldi Capital Management LP purchased a new stake in Franklin FTSE Australia ETF in the first quarter valued at approximately $202,000.

Franklin FTSE Australia ETF Price Performance

Shares of FLAU stock traded up $0.04 during mid-day trading on Wednesday, hitting $34.91. The stock had a trading volume of 813 shares, compared to its average volume of 33,519. The firm has a market cap of $176.30 million, a PE ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a fifty-two week low of $30.00 and a fifty-two week high of $39.87. The company’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $34.12.

About Franklin FTSE Australia ETF

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.