Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Sees Large Growth in Short Interest

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 132,974 shares, an increase of 127.5% from the August 15th total of 58,461 shares. Based on an average trading volume of 183,486 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Franklin FTSE Taiwan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLTW. Focus Financial Network Inc. acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter worth $280,000. Wealthfront Advisers LLC acquired a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter valued at about $233,000. Citadel Advisors LLC purchased a new stake in shares of Franklin FTSE Taiwan ETF in the second quarter valued at about $369,000. Kestra Private Wealth Services LLC grew its holdings in shares of Franklin FTSE Taiwan ETF by 1.8% in the first quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the company’s stock valued at $504,000 after purchasing an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock valued at $615,000 after purchasing an additional 3,544 shares during the period.

Franklin FTSE Taiwan ETF Trading Down 0.5%

FLTW stock opened at $102.49 on Wednesday. The firm has a 50-day moving average of $99.97 and a two-hundred day moving average of $90.81. Franklin FTSE Taiwan ETF has a 12 month low of $56.57 and a 12 month high of $110.32. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 17.84 and a beta of 1.13.

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.