Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 265,101 shares, a decline of 63.4% from the April 15th total of 724,966 shares. Based on an average daily trading volume, of 248,077 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLTW. Jane Street Group LLC grew its holdings in shares of Franklin FTSE Taiwan ETF by 281.4% during the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after buying an additional 440,060 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Franklin FTSE Taiwan ETF by 464.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock valued at $30,316,000 after buying an additional 410,093 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Franklin FTSE Taiwan ETF by 27.5% during the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after buying an additional 197,716 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after buying an additional 181,593 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Franklin FTSE Taiwan ETF by 323.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock worth $9,076,000 after acquiring an additional 132,829 shares in the last quarter.

Franklin FTSE Taiwan ETF Stock Performance

Shares of FLTW stock traded down $4.63 on Friday, reaching $88.55. 12,282,692 shares of the company’s stock traded hands, compared to its average volume of 455,189. Franklin FTSE Taiwan ETF has a 12-month low of $47.34 and a 12-month high of $94.66. The company has a market capitalization of $2.44 billion, a P/E ratio of 17.84 and a beta of 1.08. The business’s 50 day moving average price is $76.48 and its two-hundred day moving average price is $68.27.

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.