Franklin FTSE Taiwan ETF (NYSEARCA:FLTW – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 322,142 shares, an increase of 1,315.4% from the July 15th total of 22,760 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 776,998 shares, the short-interest ratio is presently 0.4 days.
Franklin FTSE Taiwan ETF Stock Performance
Shares of NYSEARCA FLTW opened at $102.41 on Thursday. Franklin FTSE Taiwan ETF has a 52-week low of $52.92 and a 52-week high of $110.32. The firm has a 50 day moving average price of $99.22 and a two-hundred day moving average price of $84.98. The stock has a market cap of $2.92 billion, a P/E ratio of 17.84 and a beta of 1.12.
Hedge Funds Weigh In On Franklin FTSE Taiwan ETF
Several hedge funds and other institutional investors have recently bought and sold shares of FLTW. Focus Financial Network Inc. acquired a new stake in Franklin FTSE Taiwan ETF in the second quarter worth $280,000. Wealthfront Advisers LLC acquired a new stake in shares of Franklin FTSE Taiwan ETF in the 1st quarter valued at about $233,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Franklin FTSE Taiwan ETF by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,662 shares of the company’s stock valued at $284,000 after buying an additional 517 shares during the period. Kestra Private Wealth Services LLC bought a new stake in Franklin FTSE Taiwan ETF in the 4th quarter valued at about $443,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE Taiwan ETF by 64.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,030 shares of the company’s stock worth $615,000 after acquiring an additional 3,544 shares in 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.
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