Franklin FTSE Australia ETF (NYSEARCA:FLAU) Stock Short Interest Rises 111.5%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,576 shares, a growth of 111.5% from the September 15th total of 6,893 shares. Based on an average daily volume of 23,674 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Franklin FTSE Australia ETF Trading Up 0.6%

FLAU stock traded up $0.21 during trading hours on Thursday, hitting $34.19. 645 shares of the stock were exchanged, compared to its average volume of 31,578. Franklin FTSE Australia ETF has a 12 month low of $30.00 and a 12 month high of $39.87. The company has a 50-day simple moving average of $35.05 and a two-hundred day simple moving average of $34.65. The firm has a market capitalization of $213.68 million, a P/E ratio of 20.41 and a beta of 0.99.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLAU. Citadel Advisors LLC boosted its position in Franklin FTSE Australia ETF by 76.8% in the second quarter. Citadel Advisors LLC now owns 23,806 shares of the company’s stock valued at $801,000 after buying an additional 10,339 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Franklin FTSE Australia ETF by 386.5% in the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after buying an additional 5,384 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Franklin FTSE Australia ETF by 74.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 17,347 shares of the company’s stock valued at $571,000 after buying an additional 7,406 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in Franklin FTSE Australia ETF during the 1st quarter worth approximately $202,000.

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.