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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 58,461 shares, a decrease of 81.9% from the July 30th total of 322,142 shares. Based on an average daily volume of 673,794 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Franklin FTSE Taiwan ETF Stock Performance

FLTW traded down $0.63 on Friday, reaching $103.44. The company had a trading volume of 109,020 shares, compared to its average volume of 489,101. Franklin FTSE Taiwan ETF has a 52-week low of $52.92 and a 52-week high of $110.32. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12. The business has a 50 day simple moving average of $99.25 and a 200 day simple moving average of $87.75.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new stake in shares of Franklin FTSE Taiwan ETF during the 1st quarter worth $233,000. Focus Financial Network Inc. bought a new position in Franklin FTSE Taiwan ETF in the second quarter valued at $280,000. Kestra Private Wealth Services LLC purchased a new stake in Franklin FTSE Taiwan ETF during the fourth quarter valued at about $443,000. Bank of America Corp DE raised its position in 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 valued at $511,000 after purchasing an additional 2,321 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Franklin FTSE Taiwan ETF by 64.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 shares during the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.