Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Down 98.3% in June

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 11,934 shares, a drop of 98.3% from the May 31st total of 703,543 shares. Based on an average daily trading volume, of 726,987 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Franklin FTSE Taiwan ETF Stock Up 0.3%

Shares of NYSEARCA FLTW traded up $0.31 during midday trading on Thursday, reaching $102.23. 67,029 shares of the company were exchanged, compared to its average volume of 488,834. The stock’s 50-day moving average price is $94.13 and its 200-day moving average price is $76.40. The stock has a market cap of $2.81 billion, a P/E ratio of 17.84 and a beta of 1.11. Franklin FTSE Taiwan ETF has a one year low of $51.94 and a one year high of $110.32.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLTW. BOCHK Asset Management Ltd acquired a new position in Franklin FTSE Taiwan ETF in the 4th quarter worth about $86,000. Wealthfront Advisers LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF during the first quarter valued at about $233,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 valued at $284,000 after purchasing an additional 517 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the fourth quarter worth about $443,000. Finally, Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 2,321 shares during the last quarter.

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.