Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Large Decrease in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 585 shares, a decrease of 49.4% from the May 31st total of 1,156 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,706 shares, the days-to-cover ratio is presently 0.2 days.

Franklin FTSE Australia ETF Stock Up 1.2%

Franklin FTSE Australia ETF stock traded up $0.39 during mid-day trading on Thursday, reaching $33.58. 1,305 shares of the company’s stock traded hands, compared to its average volume of 16,381. Franklin FTSE Australia ETF has a 12-month low of $30.00 and a 12-month high of $39.87. The stock has a 50 day moving average of $34.49 and a two-hundred day moving average of $33.80. The company has a market cap of $85.63 million, a price-to-earnings ratio of 20.41 and a beta of 0.98.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

Several large investors have recently added to or reduced their stakes in FLAU. Vident Advisory LLC bought a new position in shares of Franklin FTSE Australia ETF during the 2nd quarter valued at approximately $1,642,000. Flow Traders U.S. LLC bought a new stake in shares of Franklin FTSE Australia ETF in the 3rd quarter worth about $781,000. Goldman Sachs Group Inc. purchased a new position in shares of Franklin FTSE Australia ETF during the first quarter valued at approximately $668,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE Australia ETF by 8,880.4% during the second quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock valued at $627,000 after buying an additional 19,981 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Franklin FTSE Australia ETF by 137.1% during the 2nd quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock worth $844,000 after acquiring an additional 15,740 shares during the last quarter.

Franklin FTSE Australia ETF Company Profile

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.