Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Up 185.7% in May

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 10,350 shares, a growth of 185.7% from the April 30th total of 3,623 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 3,944 shares, the short-interest ratio is presently 2.6 days.

Franklin FTSE Australia ETF Price Performance

Shares of NYSEARCA FLAU traded up $0.33 during mid-day trading on Friday, reaching $34.90. 94,754 shares of the company’s stock were exchanged, compared to its average volume of 19,352. The firm has a market capitalization of $94.23 million, a price-to-earnings ratio of 20.41 and a beta of 0.99. Franklin FTSE Australia ETF has a 52 week low of $29.99 and a 52 week high of $39.87. The firm has a 50-day moving average price of $34.37 and a two-hundred day moving average price of $33.29.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

A number of hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH raised its stake in shares of Franklin FTSE Australia ETF by 24.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,122,329 shares of the company’s stock worth $36,092,000 after purchasing an additional 222,987 shares during the period. Vident Advisory LLC bought a new stake in shares of Franklin FTSE Australia ETF in the second quarter valued at $1,642,000. Jane Street Group LLC raised its stake in shares of Franklin FTSE Australia ETF by 137.1% in the second quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock valued at $844,000 after buying an additional 15,740 shares during the period. Susquehanna International Group LLP lifted its position in shares of Franklin FTSE Australia ETF by 37.4% during the 3rd quarter. Susquehanna International Group LLP now owns 24,968 shares of the company’s stock valued at $803,000 after buying an additional 6,800 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of Franklin FTSE Australia ETF during the 3rd quarter valued at $781,000.

Franklin FTSE Australia ETF Company Profile

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.