Short Interest in Franklin FTSE Australia ETF (NYSEARCA:FLAU) Grows By 13,693.3%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 889,527 shares, an increase of 13,693.3% from the July 30th total of 6,449 shares. Approximately 17.6% of the shares of the company are short sold. Based on an average trading volume of 93,066 shares, the short-interest ratio is currently 9.6 days.

Franklin FTSE Australia ETF Trading Up 1.2%

Shares of FLAU stock opened at $36.39 on Wednesday. Franklin FTSE Australia ETF has a 12 month low of $30.00 and a 12 month high of $39.87. The company has a market capitalization of $183.77 million, a P/E ratio of 20.41 and a beta of 0.98. The stock has a 50 day moving average of $34.71 and a two-hundred day moving average of $34.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vivaldi Capital Management LP bought a new stake in Franklin FTSE Australia ETF in the 1st quarter valued at $202,000. National Bank of Canada FI increased 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 acquiring an additional 1,882 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 worth $223,000 after acquiring an additional 5,384 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Franklin FTSE Australia ETF by 8.6% during the second quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after purchasing an additional 731 shares in the last quarter. Finally, ES4 LLC acquired a new stake in shares of Franklin FTSE Australia ETF in the fourth quarter valued at approximately $289,000.

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.