Franklin FTSE Australia ETF (NYSEARCA:FLAU) Short Interest Update

Franklin FTSE Australia ETF (NYSEARCA:FLAU) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,920 shares, an increase of 399.1% from the June 15th total of 585 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,158 shares, the days-to-cover ratio is presently 0.7 days.

Franklin FTSE Australia ETF Stock Performance

NYSEARCA FLAU traded up $0.15 during trading hours on Friday, hitting $33.99. The company had a trading volume of 300,354 shares, compared to its average volume of 34,057. The firm has a market capitalization of $86.67 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 52 week low of $30.00 and a 52 week high of $39.87. The firm has a 50 day simple moving average of $34.35 and a 200 day simple moving average of $33.89.

Institutional Trading of Franklin FTSE Australia ETF

A number of hedge funds have recently modified their holdings of FLAU. Vident Advisory LLC purchased a new stake in Franklin FTSE Australia ETF in the second quarter worth about $1,642,000. Flow Traders U.S. LLC purchased a new position in shares of Franklin FTSE Australia ETF during the third quarter valued at approximately $781,000. Goldman Sachs Group Inc. purchased a new position in shares of Franklin FTSE Australia ETF during the first quarter valued at approximately $668,000. Bank of America Corp DE boosted its position in shares of Franklin FTSE Australia ETF by 8,880.4% in the 2nd quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock worth $627,000 after purchasing an additional 19,981 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Franklin FTSE Australia ETF by 137.1% in the 2nd quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock worth $844,000 after buying an additional 15,740 shares during the last quarter.

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.