Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Down 88.8% in May

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,156 shares, a decrease of 88.8% from the May 14th total of 10,350 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,678 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLAU. Vivaldi Capital Management LP bought a new position in Franklin FTSE Australia ETF in the 1st quarter valued at about $202,000. National Bank of Canada FI raised its holdings in 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 valued at $223,000 after acquiring an additional 1,882 shares during the period. Bank of America Corp DE raised its holdings in 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 acquiring an additional 5,384 shares during the period. Osaic Holdings Inc. raised its holdings in Franklin FTSE Australia ETF by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after acquiring an additional 731 shares during the period. Finally, ES4 LLC bought a new position in Franklin FTSE Australia ETF in the 4th quarter valued at about $289,000.

Franklin FTSE Australia ETF Stock Up 0.8%

Shares of FLAU stock traded up $0.28 on Tuesday, reaching $33.78. The stock had a trading volume of 1,883 shares, compared to its average volume of 18,288. The firm’s 50-day moving average is $34.55 and its two-hundred day moving average is $33.43. The firm has a market capitalization of $91.21 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 12 month low of $29.99 and a 12 month high of $39.87.

About Franklin FTSE Australia ETF

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.