Franklin FTSE Australia ETF (NYSEARCA:FLAU – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,623 shares, a growth of 850.9% from the April 15th total of 381 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,435 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Franklin FTSE Australia ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI boosted its position in shares of Franklin FTSE Australia ETF by 37.1% during the 3rd quarter. National Bank of Canada FI now owns 6,956 shares of the company’s stock worth $223,000 after purchasing an additional 1,882 shares in the last quarter. ES4 LLC bought a new position in Franklin FTSE Australia ETF in the 4th quarter valued at about $289,000. Osaic Holdings Inc. lifted its position in Franklin FTSE Australia ETF by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,231 shares of the company’s stock valued at $286,000 after acquiring an additional 731 shares in the last quarter. Jane Street Group LLC lifted its position in Franklin FTSE Australia ETF by 53.5% in the 4th quarter. Jane Street Group LLC now owns 10,289 shares of the company’s stock valued at $323,000 after acquiring an additional 3,587 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in 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 valued at $627,000 after acquiring an additional 19,981 shares in the last quarter.
Franklin FTSE Australia ETF Stock Down 1.9%
FLAU traded down $0.66 during trading on Tuesday, reaching $34.57. 480 shares of the stock traded hands, compared to its average volume of 20,462. The stock has a market capitalization of $93.34 million, a PE ratio of 20.41 and a beta of 0.99. The stock’s 50-day moving average is $34.31 and its 200 day moving average is $33.06. Franklin FTSE Australia ETF has a 12 month low of $29.64 and a 12 month high of $39.87.
About Franklin FTSE Australia ETF
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.
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