Franklin FTSE Switzerland ETF (NYSEARCA:FLSW – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 18,304 shares, a growth of 473.1% from the July 30th total of 3,194 shares. Based on an average daily trading volume, of 5,826 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.0% of the company’s shares are short sold.
Hedge Funds Weigh In On Franklin FTSE Switzerland ETF
A number of hedge funds have recently modified their holdings of FLSW. Flow Traders U.S. LLC increased its position in Franklin FTSE Switzerland ETF by 1.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 24,494 shares of the company’s stock valued at $939,000 after purchasing an additional 368 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Franklin FTSE Switzerland ETF by 4.7% in the 1st quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock valued at $1,092,000 after purchasing an additional 1,209 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of Franklin FTSE Switzerland ETF in the 1st quarter valued at $50,000. Jane Street Group LLC increased its position in shares of Franklin FTSE Switzerland ETF by 20.7% during the fourth quarter. Jane Street Group LLC now owns 11,421 shares of the company’s stock worth $474,000 after buying an additional 1,955 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Franklin FTSE Switzerland ETF by 48.1% during the third quarter. Raymond James Financial Inc. now owns 6,361 shares of the company’s stock worth $244,000 after buying an additional 2,065 shares during the period.
Franklin FTSE Switzerland ETF Trading Down 0.3%
NYSEARCA:FLSW traded down $0.14 during mid-day trading on Thursday, hitting $44.16. 5,265 shares of the company’s stock were exchanged, compared to its average volume of 10,523. The company has a 50 day simple moving average of $43.75 and a 200-day simple moving average of $42.94. Franklin FTSE Switzerland ETF has a fifty-two week low of $37.31 and a fifty-two week high of $45.33. The firm has a market capitalization of $83.90 million, a P/E ratio of 218.81 and a beta of 0.76.
About Franklin FTSE Switzerland ETF
The Franklin FTSE Switzerland ETF (FLSW) is an exchange-traded fund that is based on the FTSE Switzerland RIC Capped index, a market-cap-weighted index of Swiss equities, excluding small-caps. FLSW was launched on Feb 6, 2018 and is managed by Franklin Templeton.
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