Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Up 48.1% in December

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 37,731 shares, an increase of 48.1% from the December 15th total of 25,479 shares. Based on an average daily volume of 20,603 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 20,603 shares, the days-to-cover ratio is presently 1.8 days.

Franklin FTSE Europe ETF Price Performance

Shares of Franklin FTSE Europe ETF stock traded up $0.09 during trading hours on Friday, reaching $37.73. The company’s stock had a trading volume of 193,102 shares, compared to its average volume of 26,773. The firm has a 50 day moving average price of $36.26 and a 200-day moving average price of $35.08. The stock has a market cap of $120.74 million, a P/E ratio of 16.76 and a beta of 0.90. Franklin FTSE Europe ETF has a one year low of $27.41 and a one year high of $37.82.

Hedge Funds Weigh In On Franklin FTSE Europe ETF

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its holdings in shares of Franklin FTSE Europe ETF by 56.3% in the 2nd quarter. Osaic Holdings Inc. now owns 49,371 shares of the company’s stock worth $1,653,000 after acquiring an additional 17,785 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE Europe ETF during the second quarter valued at $2,732,000. Franklin Resources Inc. boosted its position in Franklin FTSE Europe ETF by 110.5% in the 2nd quarter. Franklin Resources Inc. now owns 148,894 shares of the company’s stock valued at $4,989,000 after buying an additional 78,164 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Franklin FTSE Europe ETF by 8.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock worth $250,000 after purchasing an additional 576 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Franklin FTSE Europe ETF during the 3rd quarter worth $589,000.

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.