Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 338,379 shares, a growth of 201.2% from the September 15th total of 112,359 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 1,323,320 shares, the days-to-cover ratio is currently 0.3 days.
Franklin FTSE Taiwan ETF Price Performance
Shares of Franklin FTSE Taiwan ETF stock opened at $109.25 on Wednesday. Franklin FTSE Taiwan ETF has a 1 year low of $56.57 and a 1 year high of $114.29. The firm has a market cap of $4.76 billion, a PE ratio of 17.84 and a beta of 1.12. The company has a 50 day simple moving average of $105.72 and a two-hundred day simple moving average of $96.52.
Hedge Funds Weigh In On Franklin FTSE Taiwan ETF
A number of institutional investors have recently made changes to their positions in FLTW. Wealthfront Advisers LLC purchased a new position in Franklin FTSE Taiwan ETF in the first quarter worth $233,000. Focus Financial Network Inc. purchased a new stake in Franklin FTSE Taiwan ETF during the second quarter valued at about $280,000. Citadel Advisors LLC purchased a new stake in Franklin FTSE Taiwan ETF during the second quarter valued at about $369,000. Kestra Private Wealth Services LLC raised its position in Franklin FTSE Taiwan ETF by 1.8% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Franklin FTSE Taiwan ETF by 64.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 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.
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