Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Significant Decline in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,156 shares, a decline of 88.8% from the May 14th total of 10,350 shares. Based on an average daily trading volume, of 13,678 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

Franklin FTSE Australia ETF Stock Performance

Shares of NYSEARCA:FLAU traded down $0.04 during trading on Wednesday, reaching $33.74. 969 shares of the stock traded hands, compared to its average volume of 18,130. The stock has a 50-day moving average of $34.58 and a two-hundred day moving average of $33.45. Franklin FTSE Australia ETF has a 52-week low of $29.99 and a 52-week high of $39.87. The stock has a market cap of $91.10 million, a P/E ratio of 20.41 and a beta of 0.98.

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.