Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Stock Short Interest Jumps 76.5%

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 47,523 shares, an increase of 76.5% from the August 31st total of 26,923 shares. Based on an average daily volume of 7,703 shares, the days-to-cover ratio is presently 6.2 days. Currently, 2.5% of the shares of the stock are sold short.

Institutional Trading of Franklin FTSE Switzerland ETF

A number of large investors have recently made changes to their positions in FLSW. Quantinno Capital Management LP raised its position in shares of Franklin FTSE Switzerland ETF by 4.7% during the 1st quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock valued at $1,092,000 after buying an additional 1,209 shares in the last quarter. Royal Bank of Canada bought a new stake in Franklin FTSE Switzerland ETF during the first quarter worth approximately $50,000. Millstone Evans Group LLC increased its stake in Franklin FTSE Switzerland ETF by 115.8% during the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock worth $161,000 after acquiring an additional 2,125 shares during the last quarter. North Capital Inc. raised its position in Franklin FTSE Switzerland ETF by 61.9% during the first quarter. North Capital Inc. now owns 9,064 shares of the company’s stock valued at $368,000 after purchasing an additional 3,464 shares during the period. Finally, Sankala Group LLC purchased a new stake in Franklin FTSE Switzerland ETF during the fourth quarter valued at approximately $163,000.

Franklin FTSE Switzerland ETF Trading Down 1.1%

FLSW traded down $0.47 during trading hours on Wednesday, hitting $40.78. The company’s stock had a trading volume of 16,159 shares, compared to its average volume of 10,541. The business’s 50-day moving average price is $43.23 and its 200-day moving average price is $42.72. Franklin FTSE Switzerland ETF has a 12 month low of $37.94 and a 12 month high of $45.33. The stock has a market cap of $77.48 million, a price-to-earnings ratio of 202.06 and a beta of 0.76.

Franklin FTSE Switzerland ETF Company Profile

The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.