Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Rises By 1,315.4%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 322,142 shares, a growth of 1,315.4% from the July 15th total of 22,760 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 776,998 shares, the days-to-cover ratio is presently 0.4 days.

Franklin FTSE Taiwan ETF Stock Up 1.7%

Franklin FTSE Taiwan ETF stock traded up $1.70 during mid-day trading on Tuesday, hitting $100.41. 1,175,077 shares of the stock were exchanged, compared to its average volume of 505,736. Franklin FTSE Taiwan ETF has a 12 month low of $52.92 and a 12 month high of $110.32. The firm’s fifty day simple moving average is $99.28 and its two-hundred day simple moving average is $84.72. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several large investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its stake in Franklin FTSE Taiwan ETF by 1.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock worth $504,000 after buying an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 acquiring an additional 517 shares during the last quarter. Bank of Nova Scotia grew its holdings in Franklin FTSE Taiwan ETF by 1.9% during the 1st quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after acquiring an additional 1,100 shares during the period. Bank of America Corp DE grew its holdings in Franklin FTSE Taiwan ETF by 31.0% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $511,000 after acquiring an additional 2,321 shares during the period. Finally, Focus Financial Network Inc. acquired a new stake in Franklin FTSE Taiwan ETF during the 2nd quarter worth about $280,000.

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.