Franklin FTSE Australia ETF (NYSEARCA:FLAU – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,632 shares, a drop of 99.4% from the August 15th total of 889,527 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,887 shares, the short-interest ratio is currently 0.6 days.
Franklin FTSE Australia ETF Price Performance
NYSEARCA:FLAU traded down $0.72 during midday trading on Thursday, reaching $34.78. 1,948 shares of the company traded hands, compared to its average volume of 34,100. The firm has a market capitalization of $175.64 million, a price-to-earnings ratio of 20.41 and a beta of 0.98. The company has a fifty day moving average price of $35.15 and a 200 day moving average price of $34.64. Franklin FTSE Australia ETF has a twelve month low of $30.00 and a twelve month high of $39.87.
Hedge Funds Weigh In On Franklin FTSE Australia ETF
Several hedge funds and other institutional investors have recently modified their holdings of FLAU. Vident Advisory LLC bought a new position in shares of Franklin FTSE Australia ETF during the second quarter worth about $1,642,000. Flow Traders U.S. LLC bought a new stake in Franklin FTSE Australia ETF in the 3rd quarter valued at about $781,000. Goldman Sachs Group Inc. bought a new stake in Franklin FTSE Australia ETF in the 1st quarter valued at about $668,000. Bank of America Corp DE boosted its stake in Franklin FTSE Australia ETF by 8,880.4% during the 2nd quarter. Bank of America Corp DE now owns 20,206 shares of the company’s stock valued at $627,000 after purchasing an additional 19,981 shares during the period. Finally, Jane Street Group LLC boosted its stake in Franklin FTSE Australia ETF by 137.1% during the 2nd quarter. Jane Street Group LLC now owns 27,220 shares of the company’s stock valued at $844,000 after purchasing an additional 15,740 shares during the period.
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.
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