Franklin FTSE Australia ETF (NYSEARCA:FLAU – Get Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 585 shares, a drop of 49.4% from the May 31st total of 1,156 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,706 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Vivaldi Capital Management LP purchased a new position in Franklin FTSE Australia ETF in the first quarter worth $202,000. Bank of America Corp DE increased its position in 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 valued at $223,000 after buying an additional 5,384 shares in the last quarter. National Bank of Canada FI raised its stake in 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 buying an additional 1,882 shares during the last quarter. ES4 LLC purchased a new stake in Franklin FTSE Australia ETF in the fourth quarter valued at about $289,000. Finally, Osaic Holdings Inc. boosted its holdings in Franklin FTSE Australia ETF by 8.6% in 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.
Franklin FTSE Australia ETF Stock Performance
Shares of NYSEARCA:FLAU opened at $33.60 on Tuesday. The company has a market capitalization of $90.72 million, a PE ratio of 20.41 and a beta of 0.98. Franklin FTSE Australia ETF has a 12-month low of $30.00 and a 12-month high of $39.87. The business’s fifty day simple moving average is $34.58 and its 200-day simple moving average is $33.78.
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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