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

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 47,523 shares, a growth of 76.5% from the August 31st total of 26,923 shares. Based on an average daily trading volume, of 7,703 shares, the days-to-cover ratio is presently 6.2 days. Currently, 2.5% of the shares of the stock are sold short.

Institutional Trading of Franklin FTSE Switzerland ETF

Several hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP raised its stake in shares of 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 worth $1,092,000 after buying an additional 1,209 shares during the last quarter. Royal Bank of Canada bought a new position in Franklin FTSE Switzerland ETF in the first quarter valued at approximately $50,000. Millstone Evans Group LLC grew its holdings in Franklin FTSE Switzerland ETF by 115.8% during the 1st quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock worth $161,000 after acquiring an additional 2,125 shares during the period. North Capital Inc. grew its holdings in Franklin FTSE Switzerland ETF by 61.9% during the 1st quarter. North Capital Inc. now owns 9,064 shares of the company’s stock worth $368,000 after acquiring an additional 3,464 shares during the period. Finally, Sankala Group LLC bought a new stake in shares of Franklin FTSE Switzerland ETF during the 4th quarter valued at $163,000.

Franklin FTSE Switzerland ETF Trading Down 0.7%

NYSEARCA FLSW traded down $0.27 on Tuesday, hitting $41.25. 11,311 shares of the company were exchanged, compared to its average volume of 10,511. The company has a market cap of $78.38 million, a P/E ratio of 204.39 and a beta of 0.76. Franklin FTSE Switzerland ETF has a 1-year low of $37.94 and a 1-year high of $45.33. The firm has a 50 day moving average of $43.27 and a two-hundred day moving average of $42.72.

About Franklin FTSE Switzerland ETF

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.