Short Interest in Franklin FTSE Australia ETF (NYSEARCA:FLAU) Increases By 185.7%

Franklin FTSE Australia ETF (NYSEARCA:FLAU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 10,350 shares, an increase of 185.7% from the April 30th total of 3,623 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 3,944 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On Franklin FTSE Australia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in shares of Franklin FTSE Australia ETF by 8.6% during the second quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock worth $286,000 after acquiring an additional 731 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Franklin FTSE Australia ETF by 10.5% in the first quarter. Jane Street Group LLC now owns 11,480 shares of the company’s stock valued at $317,000 after acquiring an additional 1,094 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Franklin FTSE Australia ETF by 37.1% in the third 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 in the last quarter. Bank of America Corp DE raised its stake in shares of Franklin FTSE Australia ETF by 386.5% during the 1st quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock worth $223,000 after purchasing an additional 5,384 shares during the period. Finally, Vivaldi Capital Management LP bought a new stake in shares of Franklin FTSE Australia ETF during the 1st quarter worth $202,000.

Franklin FTSE Australia ETF Stock Performance

NYSEARCA FLAU opened at $34.90 on Monday. The company has a fifty day simple moving average of $34.37 and a 200 day simple moving average of $33.29. Franklin FTSE Australia ETF has a 12-month low of $29.99 and a 12-month high of $39.87. The company has a market cap of $94.23 million, a P/E ratio of 20.41 and a beta of 0.99.

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.