Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Significant Drop in Short Interest

by · The Markets Daily

Franklin FTSE Switzerland ETF (NYSEARCA:FLSW – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 25,251 shares, a decrease of 46.9% from the September 15th total of 47,523 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 8,940 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Franklin FTSE Switzerland ETF

Institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP increased its stake in shares of Franklin FTSE Switzerland ETF by 4.7% during the first quarter. Quantinno Capital Management LP now owns 26,918 shares of the company’s stock valued at $1,092,000 after acquiring an additional 1,209 shares during the period. Royal Bank of Canada bought a new stake in Franklin FTSE Switzerland ETF during the first quarter worth approximately $50,000. Marotta Asset Management lifted its position in Franklin FTSE Switzerland ETF by 0.6% in the third quarter. Marotta Asset Management now owns 259,165 shares of the company’s stock worth $10,568,000 after purchasing an additional 1,579 shares during the period. Millstone Evans Group LLC lifted its position in Franklin FTSE Switzerland ETF by 115.8% in the first quarter. Millstone Evans Group LLC now owns 3,960 shares of the company’s stock worth $161,000 after purchasing an additional 2,125 shares during the period. Finally, North Capital Inc. lifted its position in Franklin FTSE Switzerland ETF by 61.9% in the first quarter. North Capital Inc. now owns 9,064 shares of the company’s stock worth $368,000 after purchasing an additional 3,464 shares during the period.

Franklin FTSE Switzerland ETF Price Performance

Shares of NYSEARCA FLSW traded up $0.22 during mid-day trading on Wednesday, hitting $41.55. The company had a trading volume of 571 shares, compared to its average volume of 10,594. The stock has a market cap of $83.10 million, a price-to-earnings ratio of 205.76 and a beta of 0.75. Franklin FTSE Switzerland ETF has a 12 month low of $37.94 and a 12 month high of $45.33. The firm’s 50 day simple moving average is $42.72 and its two-hundred day simple moving average is $42.77.

About Franklin FTSE Switzerland ETF

(Get Free Report)

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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