Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Shares Shorted: Short Interest Down 68.3% in September

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 57,051 shares, a decrease of 68.3% from the August 31st total of 180,083 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 117,515 shares, the short-interest ratio is currently 0.5 days.

Franklin FTSE United Kingdom ETF Stock Performance

Franklin FTSE United Kingdom ETF stock traded up $0.09 during midday trading on Friday, hitting $36.31. 25,515 shares of the company were exchanged, compared to its average volume of 163,870. The firm has a market capitalization of $865.99 million, a PE ratio of 15.48 and a beta of 0.63. Franklin FTSE United Kingdom ETF has a fifty-two week low of $31.71 and a fifty-two week high of $38.03. The business has a fifty day simple moving average of $36.97 and a two-hundred day simple moving average of $36.05.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Morningstar Investment Management LLC acquired a new position in Franklin FTSE United Kingdom ETF during the first quarter worth $7,507,000. Purpose Unlimited Inc. purchased a new position in Franklin FTSE United Kingdom ETF during the fourth quarter valued at $4,631,000. GHP Investment Advisors Inc. increased its stake in shares of Franklin FTSE United Kingdom ETF by 2.5% during the first quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock worth $27,815,000 after purchasing an additional 19,845 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 51.0% during the second quarter. Citadel Advisors LLC now owns 52,030 shares of the company’s stock worth $1,836,000 after purchasing an additional 17,564 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Franklin FTSE United Kingdom ETF by 29.8% during the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock worth $2,224,000 after purchasing an additional 14,704 shares during the last quarter.

Franklin FTSE United Kingdom ETF Company Profile

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.