Short Interest in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Declines By 53.3%

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 2,781 shares, a drop of 53.3% from the January 29th total of 5,952 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 123,002 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 123,002 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Franklin FTSE United Kingdom ETF Price Performance

FLGB stock traded up $0.07 during mid-day trading on Friday, reaching $37.23. 77,726 shares of the company’s stock were exchanged, compared to its average volume of 231,031. The stock’s 50 day moving average is $35.15 and its 200 day moving average is $33.41. Franklin FTSE United Kingdom ETF has a 12-month low of $25.10 and a 12-month high of $37.37. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 15.48 and a beta of 0.75.

Institutional Trading of Franklin FTSE United Kingdom ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLGB. Beacon Pointe Advisors LLC raised its position in Franklin FTSE United Kingdom ETF by 32.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 44,512 shares of the company’s stock worth $1,502,000 after acquiring an additional 10,846 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the fourth quarter worth approximately $6,204,000. Royal Bank of Canada grew its position in shares of Franklin FTSE United Kingdom ETF by 12.3% during the 4th quarter. Royal Bank of Canada now owns 60,560 shares of the company’s stock valued at $2,044,000 after buying an additional 6,609 shares during the last quarter. MML Investors Services LLC boosted its position in Franklin FTSE United Kingdom ETF by 6.9% during the 4th quarter. MML Investors Services LLC now owns 17,096 shares of the company’s stock worth $577,000 after acquiring an additional 1,097 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF in the 4th quarter worth approximately $159,000.

About Franklin FTSE United Kingdom ETF

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.