Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 22,760 shares, a growth of 379.0% from the June 30th total of 4,752 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 363,702 shares, the short-interest ratio is presently 0.1 days.
Franklin FTSE Taiwan ETF Stock Down 2.1%
Shares of FLTW stock traded down $2.04 on Friday, reaching $94.23. The stock had a trading volume of 198,450 shares, compared to its average volume of 496,751. Franklin FTSE Taiwan ETF has a 12 month low of $52.92 and a 12 month high of $110.32. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 17.84 and a beta of 1.10. The firm’s 50-day moving average is $99.65 and its two-hundred day moving average is $81.98.
Hedge Funds Weigh In On Franklin FTSE Taiwan ETF
A number of institutional investors have recently bought and sold shares of FLTW. BOCHK Asset Management Ltd bought a new stake in Franklin FTSE Taiwan ETF in the fourth quarter valued at approximately $86,000. Wealthfront Advisers LLC bought a new position in shares of Franklin FTSE Taiwan ETF during the 1st quarter worth approximately $233,000. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth approximately $280,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Franklin FTSE Taiwan ETF by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock worth $284,000 after acquiring an additional 517 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in Franklin FTSE Taiwan ETF in the 4th quarter valued at $443,000.
About Franklin FTSE Taiwan ETF
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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