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

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 4,752 shares, a drop of 60.2% from the June 15th total of 11,934 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 154,393 shares, the days-to-cover ratio is currently 0.0 days.

Franklin FTSE Taiwan ETF Trading Down 0.1%

FLTW stock traded down $0.09 during trading on Tuesday, hitting $98.42. 611,089 shares of the stock traded hands, compared to its average volume of 472,597. Franklin FTSE Taiwan ETF has a one year low of $52.92 and a one year high of $110.32. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 17.84 and a beta of 1.10. The company has a 50 day simple moving average of $98.89 and a 200 day simple moving average of $79.90.

Institutional Trading of Franklin FTSE Taiwan ETF

Several hedge funds have recently modified their holdings of the company. AIA Group Ltd boosted its holdings in shares of Franklin FTSE Taiwan ETF by 37.3% in the 3rd quarter. AIA Group Ltd now owns 33,600 shares of the company’s stock worth $1,973,000 after acquiring an additional 9,125 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in Franklin FTSE Taiwan ETF during the 4th quarter valued at $443,000. JPMorgan Chase & Co. increased its holdings in Franklin FTSE Taiwan ETF by 261.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,060 shares of the company’s stock valued at $14,745,000 after purchasing an additional 181,593 shares in the last quarter. Innealta Capital LLC raised its position in Franklin FTSE Taiwan ETF by 49.4% in the 1st quarter. Innealta Capital LLC now owns 55,342 shares of the company’s stock valued at $3,769,000 after purchasing an additional 18,290 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised 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 valued at $284,000 after purchasing an additional 517 shares during the last quarter.

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.