Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,934 shares, a decline of 98.3% from the May 31st total of 703,543 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 726,987 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Franklin FTSE Taiwan ETF by 64.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after acquiring an additional 3,544 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Franklin FTSE Taiwan ETF by 96.9% during the 1st quarter. Royal Bank of Canada now owns 60,933 shares of the company’s stock worth $4,150,000 after purchasing an additional 29,988 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Franklin FTSE Taiwan ETF by 1.9% during the 1st quarter. Bank of Nova Scotia now owns 59,030 shares of the company’s stock worth $4,021,000 after purchasing an additional 1,100 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 1st quarter valued at approximately $233,000. Finally, Principal Financial Group Inc. grew its stake in shares of Franklin FTSE Taiwan ETF by 27.5% in the first quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock valued at $62,389,000 after buying an additional 197,716 shares in the last quarter.

Franklin FTSE Taiwan ETF Stock Performance

NYSEARCA:FLTW traded down $1.82 during trading hours on Friday, hitting $100.41. The stock had a trading volume of 34,790 shares, compared to its average volume of 485,077. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 17.84 and a beta of 1.11. Franklin FTSE Taiwan ETF has a one year low of $51.94 and a one year high of $110.32. The business’s 50 day moving average is $94.13 and its 200-day moving average is $76.40.

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.