Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Significant Growth in Short Interest

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 18,304 shares, an increase of 473.1% from the July 30th total of 3,194 shares. Based on an average daily volume of 5,826 shares, the short-interest ratio is presently 3.1 days. Approximately 1.0% of the company’s shares are sold short.

Franklin FTSE Switzerland ETF Stock Performance

Shares of NYSEARCA FLSW traded down $0.23 during midday trading on Friday, hitting $43.93. 1,242 shares of the company traded hands, compared to its average volume of 10,463. Franklin FTSE Switzerland ETF has a 12-month low of $37.31 and a 12-month high of $45.33. The stock has a 50-day moving average price of $43.77 and a 200 day moving average price of $42.95. The firm has a market cap of $83.47 million, a P/E ratio of 217.67 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Magnolia Capital Advisors LLC purchased a new position in shares of Franklin FTSE Switzerland ETF in the 2nd quarter valued at approximately $1,854,000. Tulsa Wealth Advisors INC bought a new position in Franklin FTSE Switzerland ETF in the second quarter worth $5,924,000. Royal Bank of Canada bought a new position in Franklin FTSE Switzerland ETF in the first quarter worth $50,000. Quantinno Capital Management LP raised its holdings in Franklin FTSE Switzerland ETF by 4.7% in the first quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock worth $1,092,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its position in Franklin FTSE Switzerland ETF by 115.8% during the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock valued at $161,000 after buying an additional 2,125 shares during the period.

About Franklin FTSE Switzerland ETF

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.