Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 20,844 shares, a drop of 92.1% from the April 30th total of 265,101 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,292,654 shares, the days-to-cover ratio is currently 0.0 days.
Franklin FTSE Taiwan ETF Stock Down 0.3%
Shares of NYSEARCA:FLTW traded down $0.27 during mid-day trading on Friday, reaching $100.47. 170,596 shares of the stock were exchanged, compared to its average volume of 485,683. The company has a market cap of $2.76 billion, a P/E ratio of 17.84 and a beta of 1.08. Franklin FTSE Taiwan ETF has a one year low of $47.34 and a one year high of $102.56. The stock’s 50 day simple moving average is $81.68 and its 200-day simple moving average is $70.58.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. BOCHK Asset Management Ltd bought a new position in Franklin FTSE Taiwan ETF in the fourth quarter valued at approximately $86,000. Wealthfront Advisers LLC bought a new position in Franklin FTSE Taiwan ETF in the first quarter valued at approximately $233,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Franklin FTSE Taiwan ETF by 297.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,145 shares of the company’s stock valued at $243,000 after purchasing an additional 3,103 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Franklin FTSE Taiwan ETF in the fourth quarter valued at approximately $443,000. Finally, EverSource Wealth Advisors LLC grew 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 purchasing 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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