Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Large Increase in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 50,442 shares, a growth of 102.7% from the January 29th total of 24,884 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 9,438 shares, the short-interest ratio is currently 5.3 days. Based on an average daily volume of 9,438 shares, the short-interest ratio is currently 5.3 days. Approximately 1.6% of the shares of the company are sold short.

Franklin FTSE Europe ETF Stock Performance

FLEE traded down $0.30 during trading on Friday, reaching $39.35. The company’s stock had a trading volume of 51,893 shares, compared to its average volume of 23,177. Franklin FTSE Europe ETF has a 52-week low of $27.41 and a 52-week high of $39.86. The company’s fifty day moving average price is $38.03 and its 200-day moving average price is $36.07. The company has a market capitalization of $125.92 million, a price-to-earnings ratio of 16.76 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Franklin FTSE Europe ETF in the second quarter worth $140,000. Vident Advisory LLC acquired a new position in shares of Franklin FTSE Europe ETF during the 2nd quarter worth $231,000. Kestra Private Wealth Services LLC boosted its holdings in Franklin FTSE Europe ETF by 8.7% during the third quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock worth $250,000 after buying an additional 576 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Franklin FTSE Europe ETF during the third quarter worth about $589,000. Finally, LPL Financial LLC grew its position in Franklin FTSE Europe ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 24,818 shares of the company’s stock worth $907,000 after buying an additional 1,952 shares during the period.

Franklin FTSE Europe ETF Company Profile

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.