Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Significant Increase in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 2,033 shares, a growth of 425.3% from the July 30th total of 387 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,268 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 3rd quarter valued at about $81,000. Sigma Planning Corp purchased a new position in Franklin FTSE Eurozone ETF in the 1st quarter worth approximately $226,000. MML Investors Services LLC purchased a new position in Franklin FTSE Eurozone ETF in the 4th quarter worth approximately $227,000. Madison Asset Management LLC bought a new stake in Franklin FTSE Eurozone ETF in the first quarter valued at approximately $371,000. Finally, Jane Street Group LLC lifted its position in Franklin FTSE Eurozone ETF by 17.4% in the second quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after purchasing an additional 1,963 shares during the last quarter.

Franklin FTSE Eurozone ETF Stock Down 1.0%

Shares of Franklin FTSE Eurozone ETF stock traded down $0.36 during trading on Thursday, reaching $36.65. The company’s stock had a trading volume of 2,523 shares, compared to its average volume of 9,536. Franklin FTSE Eurozone ETF has a 52-week low of $30.49 and a 52-week high of $37.24. The firm’s 50-day moving average is $36.01 and its two-hundred day moving average is $34.92. The company has a market cap of $73.30 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

Franklin FTSE Eurozone ETF Company Profile

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.