Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Short Interest Update

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 703,543 shares, a growth of 3,275.3% from the May 14th total of 20,844 shares. Based on an average trading volume of 800,875 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.6% of the shares of the stock are sold short.

Franklin FTSE Taiwan ETF Stock Performance

Franklin FTSE Taiwan ETF stock traded up $0.76 during trading on Tuesday, reaching $99.15. The company had a trading volume of 615,047 shares, compared to its average volume of 511,029. The firm’s 50-day simple moving average is $86.37 and its 200 day simple moving average is $72.72. Franklin FTSE Taiwan ETF has a 1-year low of $49.53 and a 1-year high of $105.81. The firm has a market capitalization of $2.73 billion, a PE ratio of 17.84 and a beta of 1.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Franklin FTSE Taiwan ETF by 27.5% during the 1st quarter. Principal Financial Group Inc. now owns 916,005 shares of the company’s stock worth $62,389,000 after purchasing an additional 197,716 shares during the last quarter. Jane Street Group LLC raised its position in shares of Franklin FTSE Taiwan ETF by 281.4% during the 4th quarter. Jane Street Group LLC now owns 596,465 shares of the company’s stock worth $36,289,000 after purchasing an additional 440,060 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Franklin FTSE Taiwan ETF by 464.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 498,297 shares of the company’s stock worth $30,316,000 after purchasing an additional 410,093 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Franklin FTSE Taiwan ETF by 15.6% during the 4th quarter. JPMorgan Chase & Co. now owns 290,149 shares of the company’s stock worth $17,653,000 after purchasing an additional 39,089 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Franklin FTSE Taiwan ETF by 323.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 173,898 shares of the company’s stock worth $9,076,000 after purchasing an additional 132,829 shares during the last quarter.

Franklin FTSE Taiwan ETF Company Profile

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.