Short Interest in Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Grows By 3,275.3%

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 703,543 shares, an increase of 3,275.3% from the May 14th total of 20,844 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 800,875 shares, the days-to-cover ratio is presently 0.9 days.

Franklin FTSE Taiwan ETF Stock Down 3.4%

Shares of Franklin FTSE Taiwan ETF stock opened at $95.73 on Thursday. The company has a market cap of $2.63 billion, a PE ratio of 17.84 and a beta of 1.11. Franklin FTSE Taiwan ETF has a 52 week low of $49.53 and a 52 week high of $105.81. The business has a 50 day moving average price of $86.96 and a 200-day moving average price of $72.99.

Institutional Trading of Franklin FTSE Taiwan ETF

Several institutional investors and hedge funds have recently modified their holdings of FLTW. BOCHK Asset Management Ltd purchased a new stake in shares of Franklin FTSE Taiwan ETF in the fourth quarter worth approximately $86,000. Wealthfront Advisers LLC bought a new position in shares of Franklin FTSE Taiwan ETF during the first quarter valued at about $233,000. Mirae Asset Global Investments Co. Ltd. grew its position in Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after purchasing an additional 517 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in Franklin FTSE Taiwan ETF in the 4th quarter worth about $443,000. Finally, Bank of America Corp DE increased its stake in Franklin FTSE Taiwan ETF by 31.0% in the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $511,000 after buying an additional 2,321 shares during the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.