Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 132,974 shares, a growth of 127.5% from the August 15th total of 58,461 shares. Based on an average daily volume of 183,486 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are sold short.
Institutional Investors Weigh In On Franklin FTSE Taiwan ETF
Several hedge funds have recently modified their holdings of FLTW. Citadel Advisors LLC bought a new stake in Franklin FTSE Taiwan ETF during the 2nd quarter valued at $369,000. TD Waterhouse Canada Inc. bought a new stake in shares of Franklin FTSE Taiwan ETF during the 2nd quarter worth about $4,847,000. Focus Financial Network Inc. acquired a new position in shares of Franklin FTSE Taiwan ETF during the 2nd quarter valued at about $280,000. EverSource Wealth Advisors LLC lifted its holdings in Franklin FTSE Taiwan ETF by 64.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after purchasing an additional 3,544 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Franklin FTSE Taiwan ETF by 96.9% in 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 during the last quarter.
Franklin FTSE Taiwan ETF Stock Performance
Shares of Franklin FTSE Taiwan ETF stock opened at $106.73 on Monday. Franklin FTSE Taiwan ETF has a 12-month low of $56.57 and a 12-month high of $110.32. The stock has a market cap of $3.04 billion, a PE ratio of 17.84 and a beta of 1.13. The company has a 50-day moving average of $99.92 and a two-hundred day moving average of $90.41.
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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