Short Interest in Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Drops By 33.3%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,400 shares, a decline of 33.3% from the September 30th total of 5,100 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 0.7 days.

Franklin FTSE Switzerland ETF Stock Performance

Shares of NYSEARCA FLSW traded down $0.21 during trading on Monday, hitting $38.18. 4,931 shares of the company were exchanged, compared to its average volume of 8,503. Franklin FTSE Switzerland ETF has a 12-month low of $31.84 and a 12-month high of $40.25. The company has a fifty day moving average price of $38.76 and a 200-day moving average price of $38.06. The firm has a market capitalization of $57.27 million, a PE ratio of 189.18 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new position in shares of Franklin FTSE Switzerland ETF during the 1st quarter worth $3,179,000. Envestnet Asset Management Inc. purchased a new position in shares of Franklin FTSE Switzerland ETF during the 1st quarter worth $753,000. SSA Swiss Advisors AG raised its holdings in shares of Franklin FTSE Switzerland ETF by 2.6% during the 2nd quarter. SSA Swiss Advisors AG now owns 28,820 shares of the company’s stock worth $1,121,000 after acquiring an additional 720 shares during the period. Marotta Asset Management raised its holdings in shares of Franklin FTSE Switzerland ETF by 8.2% during the 3rd quarter. Marotta Asset Management now owns 260,442 shares of the company’s stock worth $10,094,000 after acquiring an additional 19,724 shares during the period. Finally, Innealta Capital LLC increased its position in shares of Franklin FTSE Switzerland ETF by 0.5% during the 2nd quarter. Innealta Capital LLC now owns 65,646 shares of the company’s stock worth $2,490,000 after purchasing an additional 297 shares during the last quarter.

About Franklin FTSE Switzerland ETF

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.