Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Significant Growth in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 697 shares, an increase of 131.6% from the August 15th total of 301 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,654 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in shares of Franklin FTSE Germany ETF in the second quarter worth about $391,000. Bank of America Corp DE boosted its holdings in Franklin FTSE Germany ETF by 29.8% in the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after buying an additional 14,660 shares during the period. Marotta Asset Management boosted its holdings in Franklin FTSE Germany ETF by 4.2% in the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock worth $7,216,000 after buying an additional 9,227 shares during the period. Jane Street Group LLC raised its holdings in 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 valued at $483,000 after acquiring an additional 1,313 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in Franklin FTSE Germany ETF during the 3rd quarter valued at $2,022,000.

Franklin FTSE Germany ETF Stock Performance

FLGR stock opened at $33.38 on Monday. The company has a market capitalization of $38.39 million, a price-to-earnings ratio of 17.93 and a beta of 0.96. Franklin FTSE Germany ETF has a fifty-two week low of $29.96 and a fifty-two week high of $35.18. The stock has a fifty day moving average of $33.45 and a 200-day moving average of $33.10.

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.