Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Expands By 96.1%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 171,599 shares, an increase of 96.1% from the January 29th total of 87,515 shares. Based on an average trading volume of 277,769 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 277,769 shares, the days-to-cover ratio is presently 0.6 days.

Franklin FTSE Taiwan ETF Stock Down 0.7%

NYSEARCA:FLTW opened at $73.30 on Friday. Franklin FTSE Taiwan ETF has a 52 week low of $35.82 and a 52 week high of $74.74. The stock’s fifty day moving average is $66.21 and its two-hundred day moving average is $61.41. The stock has a market capitalization of $798.97 million, a price-to-earnings ratio of 17.84 and a beta of 0.94.

Institutional Trading of Franklin FTSE Taiwan ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of Franklin FTSE Taiwan ETF by 281.4% in the fourth quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock valued at $36,289,000 after purchasing an additional 440,060 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Franklin FTSE Taiwan ETF by 464.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock worth $30,316,000 after acquiring an additional 410,093 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Franklin FTSE Taiwan ETF by 261.4% during the third quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after acquiring an additional 181,593 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Franklin FTSE Taiwan ETF by 323.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock valued at $9,076,000 after acquiring an additional 132,829 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Franklin FTSE Taiwan ETF during the 3rd quarter worth $5,194,000.

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.