Franklin FTSE Australia ETF (NYSEARCA:FLAU) Sees Large Increase in Short Interest

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 889,527 shares, a growth of 13,693.3% from the July 30th total of 6,449 shares. Based on an average daily trading volume, of 93,066 shares, the short-interest ratio is presently 9.6 days. Approximately 17.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

Hedge funds have recently bought and sold shares of the business. Vivaldi Capital Management LP bought a new position in shares of Franklin FTSE Australia ETF during the first quarter valued at approximately $202,000. Bank of America Corp DE grew its stake in shares of Franklin FTSE Australia ETF by 386.5% in the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock worth $223,000 after buying an additional 5,384 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Franklin FTSE Australia ETF by 37.1% in the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock worth $223,000 after buying an additional 1,882 shares during the last quarter. ES4 LLC bought a new position in Franklin FTSE Australia ETF during the 4th quarter valued at approximately $289,000. Finally, Osaic Holdings Inc. raised its stake in Franklin FTSE Australia ETF by 8.6% during the second quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after buying an additional 731 shares during the last quarter.

Franklin FTSE Australia ETF Stock Performance

Shares of FLAU traded up $0.44 on Tuesday, reaching $36.39. The stock had a trading volume of 2,684 shares, compared to its average volume of 35,812. The firm has a market capitalization of $183.77 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. The company has a 50-day simple moving average of $34.69 and a 200-day simple moving average of $34.52. Franklin FTSE Australia ETF has a 12-month low of $30.00 and a 12-month high of $39.87.

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.