Franklin FTSE Switzerland ETF (NYSEARCA:FLSW) Sees Large Growth in Short Interest
by Danessa Lincoln · The Markets DailyFranklin FTSE Switzerland ETF (NYSEARCA:FLSW – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 19,169 shares, a growth of 592.8% from the November 30th total of 2,767 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,762 shares, the short-interest ratio is presently 4.0 days. Based on an average daily trading volume, of 4,762 shares, the short-interest ratio is presently 4.0 days. Approximately 1.3% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of FLSW. Jane Street Group LLC purchased a new position in Franklin FTSE Switzerland ETF during the first quarter valued at approximately $2,343,000. SSA Swiss Advisors AG increased its stake in shares of Franklin FTSE Switzerland ETF by 2.6% during the 2nd quarter. SSA Swiss Advisors AG now owns 28,820 shares of the company’s stock worth $1,121,000 after purchasing an additional 720 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Franklin FTSE Switzerland ETF by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,811 shares of the company’s stock valued at $865,000 after purchasing an additional 1,724 shares in the last quarter. Innealta Capital LLC lifted its stake in shares of Franklin FTSE Switzerland ETF by 0.5% in the 2nd quarter. Innealta Capital LLC now owns 65,646 shares of the company’s stock valued at $2,490,000 after purchasing an additional 297 shares during the last quarter. Finally, PGIM Custom Harvest LLC lifted its stake in shares of Franklin FTSE Switzerland ETF by 3.1% in the 2nd quarter. PGIM Custom Harvest LLC now owns 186,601 shares of the company’s stock valued at $7,079,000 after purchasing an additional 5,538 shares during the last quarter.
Franklin FTSE Switzerland ETF Trading Up 0.1%
Shares of NYSEARCA FLSW traded up $0.06 during mid-day trading on Wednesday, reaching $41.83. The company had a trading volume of 5,341 shares, compared to its average volume of 8,120. Franklin FTSE Switzerland ETF has a 1-year low of $31.84 and a 1-year high of $41.86. The stock has a market cap of $62.75 million, a PE ratio of 207.26 and a beta of 0.80. The company has a 50-day moving average price of $39.72 and a two-hundred day moving average price of $38.68.
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.