Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Significant Growth in Short Interest

Franklin FTSE Switzerland ETF (NYSEARCA:FLSWGet Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,617 shares, an increase of 220.2% from the May 14th total of 505 shares. Based on an average daily trading volume, of 2,796 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin FTSE Switzerland ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FLSW. Royal Bank of Canada acquired a new position in Franklin FTSE Switzerland ETF in the 1st quarter worth approximately $50,000. Millstone Evans Group LLC grew its stake in shares of Franklin FTSE Switzerland ETF by 115.8% during the 1st quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock worth $161,000 after purchasing an additional 2,125 shares during the period. Sankala Group LLC acquired a new stake in shares of Franklin FTSE Switzerland ETF during the 4th quarter worth approximately $163,000. Raymond James Financial Inc. acquired a new stake in shares of Franklin FTSE Switzerland ETF during the 2nd quarter worth approximately $163,000. Finally, Bank of America Corp DE grew its stake in shares of Franklin FTSE Switzerland ETF by 2,165.4% during the 2nd quarter. Bank of America Corp DE now owns 7,861 shares of the company’s stock worth $298,000 after purchasing an additional 7,514 shares during the period.

Franklin FTSE Switzerland ETF Trading Down 0.1%

Shares of NYSEARCA:FLSW opened at $43.42 on Friday. Franklin FTSE Switzerland ETF has a twelve month low of $36.03 and a twelve month high of $45.33. The company’s 50 day moving average is $42.55 and its 200 day moving average is $42.06. The company has a market cap of $82.50 million, a PE ratio of 215.14 and a beta of 0.77.

Franklin FTSE Switzerland ETF Company Profile

(Get Free Report)

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.

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