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

by · The Markets Daily

Franklin FTSE Australia ETF (NYSEARCA:FLAU – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,632 shares, a decline of 99.4% from the August 15th total of 889,527 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,887 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vivaldi Capital Management LP bought a new position in shares of Franklin FTSE Australia ETF in the first quarter worth $202,000. Bank of America Corp DE raised its stake in shares of Franklin FTSE Australia ETF by 386.5% during the first quarter. Bank of America Corp DE now owns 6,777 shares of the company’s stock valued at $223,000 after purchasing an additional 5,384 shares in the last quarter. National Bank of Canada FI lifted its holdings 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 worth $223,000 after purchasing an additional 1,882 shares during the period. ES4 LLC acquired a new stake in Franklin FTSE Australia ETF in the fourth quarter worth about $289,000. Finally, Osaic Holdings Inc. lifted 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 purchasing an additional 731 shares during the period.

Franklin FTSE Australia ETF Price Performance

FLAU stock traded down $0.72 on Thursday, reaching $34.78. The company’s stock had a trading volume of 1,948 shares, compared to its average volume of 34,100. Franklin FTSE Australia ETF has a 52 week low of $30.00 and a 52 week high of $39.87. The company has a market capitalization of $175.64 million, a P/E ratio of 20.41 and a beta of 0.98. The firm has a fifty day moving average of $35.15 and a two-hundred day moving average of $34.64.

About Franklin FTSE Australia ETF

(Get Free Report)

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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