Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Down 49.4% in June

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 585 shares, a drop of 49.4% from the May 31st total of 1,156 shares. Based on an average daily trading volume, of 2,706 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Franklin FTSE Australia ETF

A number of large investors have recently made changes to their positions in FLAU. Goldman Sachs Group Inc. bought a new position in shares of Franklin FTSE Australia ETF during the 1st quarter valued at approximately $668,000. Jane Street Group LLC lifted its position in shares of 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 worth $317,000 after purchasing an additional 1,094 shares during the period. Bank of America Corp DE lifted its position in shares of Franklin FTSE Australia ETF by 8,880.4% in the 2nd quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock worth $627,000 after purchasing an additional 19,981 shares during the period. Vident Advisory LLC bought a new position in shares of Franklin FTSE Australia ETF during the second quarter valued at approximately $1,642,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Franklin FTSE Australia ETF by 8.6% during the second quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after purchasing an additional 731 shares in the last quarter.

Franklin FTSE Australia ETF Stock Performance

Shares of NYSEARCA FLAU opened at $33.60 on Tuesday. The company has a market cap of $90.72 million, a P/E ratio of 20.41 and a beta of 0.98. The firm’s fifty day moving average is $34.58 and its two-hundred day moving average is $33.78. Franklin FTSE Australia ETF has a 52-week low of $30.00 and a 52-week high of $39.87.

Franklin FTSE Australia ETF Company Profile

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.