Short Interest in Franklin FTSE Australia ETF (NYSEARCA:FLAU) Rises By 399.1%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,920 shares, a growth of 399.1% from the June 15th total of 585 shares. Based on an average trading volume of 4,158 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Franklin FTSE Australia ETF Stock Performance

Shares of FLAU traded up $0.15 during trading hours on Friday, hitting $33.99. The company had a trading volume of 300,354 shares, compared to its average volume of 34,057. The stock has a market capitalization of $86.67 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. The firm has a fifty day moving average price of $34.35 and a 200-day moving average price of $33.89. Franklin FTSE Australia ETF has a 52-week low of $30.00 and a 52-week high of $39.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLAU. Vivaldi Capital Management LP purchased a new stake in shares of Franklin FTSE Australia ETF during the first quarter valued at approximately $202,000. Bank of America Corp DE raised its holdings in Franklin FTSE Australia ETF by 386.5% in the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock worth $223,000 after acquiring an additional 5,384 shares during the last quarter. National Bank of Canada FI raised its holdings in Franklin FTSE Australia ETF by 37.1% in the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock worth $223,000 after acquiring an additional 1,882 shares during the last quarter. ES4 LLC bought a new position in Franklin FTSE Australia ETF in the 4th quarter valued at approximately $289,000. Finally, Osaic Holdings Inc. lifted its position in Franklin FTSE Australia ETF by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after acquiring an additional 731 shares in the last quarter.

About Franklin FTSE Australia ETF

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.