Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Decreases By 81.9%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 58,461 shares, a decline of 81.9% from the July 30th total of 322,142 shares. Based on an average trading volume of 673,794 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Franklin FTSE Taiwan ETF Price Performance

Shares of FLTW traded up $2.00 during trading hours on Thursday, hitting $104.07. The company’s stock had a trading volume of 398,373 shares, compared to its average volume of 491,418. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12. The business has a 50 day simple moving average of $99.41 and a two-hundred day simple moving average of $87.38. Franklin FTSE Taiwan ETF has a 52-week low of $52.92 and a 52-week high of $110.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC bought a new position in shares of Franklin FTSE Taiwan ETF in the first quarter valued at approximately $233,000. Focus Financial Network Inc. purchased a new stake in Franklin FTSE Taiwan ETF in the 2nd quarter worth approximately $280,000. Kestra Private Wealth Services LLC bought a new position in Franklin FTSE Taiwan ETF in the 4th quarter valued at $443,000. Bank of America Corp DE grew its position in shares of Franklin FTSE Taiwan ETF by 31.0% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after purchasing an additional 2,321 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 shares during the period.

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.