Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Update

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 7,594 shares, an increase of 160.1% from the June 30th total of 2,920 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 239,535 shares, the short-interest ratio is currently 0.0 days.

Franklin FTSE Australia ETF Price Performance

Shares of Franklin FTSE Australia ETF stock traded up $0.41 during trading hours on Tuesday, reaching $34.87. The company had a trading volume of 25,297 shares, compared to its average volume of 33,751. The firm has a market cap of $176.09 million, a PE ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a one year low of $30.00 and a one year high of $39.87. The business has a fifty day simple moving average of $34.20 and a 200 day simple moving average of $34.10.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLAU. Vident Advisory LLC bought a new stake in shares of Franklin FTSE Australia ETF during the second quarter valued at about $1,642,000. Jane Street Group LLC grew its stake in Franklin FTSE Australia ETF by 137.1% during the second quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock valued at $844,000 after acquiring an additional 15,740 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Franklin FTSE Australia ETF by 37.4% during the 3rd quarter. Susquehanna International Group LLP now owns 24,968 shares of the company’s stock worth $803,000 after acquiring an additional 6,800 shares during the period. Flow Traders U.S. LLC bought a new stake in Franklin FTSE Australia ETF during the 3rd quarter worth approximately $781,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Franklin FTSE Australia ETF in the 1st quarter worth approximately $668,000.

About Franklin FTSE Australia ETF

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.