Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Up 148.1% in August

Franklin FTSE Europe ETF (NYSEARCA:FLEE) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,414 shares, a growth of 148.1% from the August 15th total of 973 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,965 shares, the short-interest ratio is presently 0.6 days.

Franklin FTSE Europe ETF Stock Performance

Franklin FTSE Europe ETF stock traded up $0.22 during mid-day trading on Friday, reaching $39.15. The company’s stock had a trading volume of 2,069 shares, compared to its average volume of 15,124. The business’s 50 day simple moving average is $39.45 and its 200 day simple moving average is $38.56. The company has a market capitalization of $117.45 million, a price-to-earnings ratio of 16.76 and a beta of 0.82. Franklin FTSE Europe ETF has a 12 month low of $34.07 and a 12 month high of $40.53.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Franklin FTSE Europe ETF in the 2nd quarter valued at $140,000. Vident Advisory LLC acquired a new position in shares of Franklin FTSE Europe ETF in the 2nd quarter worth approximately $231,000. Kestra Private Wealth Services LLC boosted its position 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 valued at $250,000 after acquiring an additional 576 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Franklin FTSE Europe ETF by 16.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock valued at $313,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Franklin FTSE Europe ETF during the 3rd quarter worth approximately $589,000.

About Franklin FTSE Europe ETF

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.