Short Interest in Franklin FTSE Australia ETF (NYSEARCA:FLAU) Increases By 160.1%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,594 shares, an increase of 160.1% from the June 30th total of 2,920 shares. Based on an average trading volume of 239,535 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the shares of the stock are short sold.

Franklin FTSE Australia ETF Trading Up 0.4%

Shares of Franklin FTSE Australia ETF stock traded up $0.13 during trading on Monday, reaching $34.46. The stock had a trading volume of 2,173 shares, compared to its average volume of 33,811. The company has a market capitalization of $174.02 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. The stock has a fifty day moving average price of $34.19 and a two-hundred day moving average price of $34.08. Franklin FTSE Australia ETF has a 52 week low of $30.00 and a 52 week high of $39.87.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in Franklin FTSE Australia ETF by 8.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after buying an additional 731 shares during the period. Jane Street Group LLC raised its holdings in Franklin FTSE Australia ETF by 10.5% during the 1st quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock worth $317,000 after purchasing an additional 1,094 shares during the last quarter. National Bank of Canada FI lifted its position 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 purchasing an additional 1,882 shares during the period. Bank of America Corp DE lifted its position 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 purchasing an additional 5,384 shares during the period. Finally, Vivaldi Capital Management LP bought a new stake in shares of Franklin FTSE Australia ETF in the 1st quarter valued at $202,000.

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.