Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 338,379 shares, an increase of 201.2% from the September 15th total of 112,359 shares. Based on an average daily volume of 1,323,320 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the company’s stock are short sold.
Franklin FTSE Taiwan ETF Trading Down 0.8%
Shares of Franklin FTSE Taiwan ETF stock traded down $0.87 during trading on Tuesday, hitting $109.25. 148,813 shares of the stock were exchanged, compared to its average volume of 521,444. Franklin FTSE Taiwan ETF has a 1-year low of $56.57 and a 1-year high of $114.29. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 17.84 and a beta of 1.12. The company has a fifty day moving average price of $105.51 and a 200-day moving average price of $96.24.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boltwood Capital Management bought a new position in shares of Franklin FTSE Taiwan ETF during the third quarter worth approximately $1,587,000. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at $369,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 2nd quarter valued at $4,847,000. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth $280,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock valued at $615,000 after buying an additional 3,544 shares in the last quarter.
Franklin FTSE Taiwan ETF Company Profile
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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