Franklin FTSE Australia ETF (NYSEARCA:FLAU – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 5,632 shares, a decrease of 99.4% from the August 15th total of 889,527 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,887 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of Franklin FTSE Australia ETF
Institutional investors have recently made changes to their positions in the business. Vivaldi Capital Management LP bought a new stake in shares of Franklin FTSE Australia ETF during the first quarter valued at approximately $202,000. Bank of America Corp DE lifted 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 valued at $223,000 after purchasing an additional 5,384 shares during the last quarter. National Bank of Canada FI boosted its stake in Franklin FTSE Australia ETF by 37.1% during the third 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 period. ES4 LLC bought a new stake in shares of Franklin FTSE Australia ETF in the 4th quarter worth about $289,000. Finally, Osaic Holdings Inc. boosted its stake in shares of 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 purchasing an additional 731 shares during the period.
Franklin FTSE Australia ETF Stock Up 0.8%
FLAU traded up $0.28 during midday trading on Friday, reaching $35.06. The company had a trading volume of 10,134 shares, compared to its average volume of 33,962. The business has a 50-day moving average of $35.15 and a two-hundred day moving average of $34.64. The company has a market cap of $177.05 million, a P/E ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 1 year low of $30.00 and a 1 year high of $39.87.
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.
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