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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 314,786 shares, an increase of 83.4% from the February 12th total of 171,599 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 626,307 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 626,307 shares, the short-interest ratio is presently 0.5 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock worth $14,745,000 after purchasing an additional 181,593 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at $140,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Franklin FTSE Taiwan ETF by 297.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock worth $243,000 after buying an additional 3,103 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE Taiwan ETF by 1,084.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,567 shares of the company’s stock worth $291,000 after buying an additional 5,097 shares in the last quarter. Finally, Bare Financial Services Inc boosted its holdings in Franklin FTSE Taiwan ETF by 690.1% during the second quarter. Bare Financial Services Inc now owns 719 shares of the company’s stock worth $38,000 after buying an additional 628 shares in the last quarter.

Franklin FTSE Taiwan ETF Stock Performance

FLTW stock traded up $0.32 during midday trading on Friday, reaching $67.78. The stock had a trading volume of 219,527 shares, compared to its average volume of 382,547. The firm has a fifty day simple moving average of $67.90 and a two-hundred day simple moving average of $62.36. Franklin FTSE Taiwan ETF has a 52-week low of $35.82 and a 52-week high of $74.74. The stock has a market cap of $738.80 million, a PE ratio of 17.84 and a beta of 0.94.

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.