Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Large Increase in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,839 shares, a growth of 324.7% from the May 14th total of 433 shares. Based on an average daily volume of 12,078 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Franklin FTSE Germany ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after purchasing an additional 14,660 shares during the last quarter. Marotta Asset Management boosted its stake in shares of Franklin FTSE Germany ETF by 4.2% during the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock worth $7,216,000 after purchasing an additional 9,227 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Franklin FTSE Germany ETF by 10.0% during the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock worth $483,000 after purchasing an additional 1,313 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Germany ETF during the 3rd quarter worth about $2,022,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Franklin FTSE Germany ETF during the 2nd quarter worth about $793,000.

Franklin FTSE Germany ETF Price Performance

Franklin FTSE Germany ETF stock opened at $33.37 on Friday. Franklin FTSE Germany ETF has a 12-month low of $29.96 and a 12-month high of $35.18. The stock has a market capitalization of $43.38 million, a P/E ratio of 17.93 and a beta of 0.95. The firm’s 50-day moving average is $33.31 and its two-hundred day moving average is $33.30.

Franklin FTSE Germany ETF Company Profile

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.