Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Stock Short Interest Jumps 427.7%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,884 shares, an increase of 427.7% from the August 31st total of 1,115 shares. Based on an average daily trading volume, of 7,062 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

Franklin FTSE Eurozone ETF Price Performance

FLEU opened at $35.34 on Friday. Franklin FTSE Eurozone ETF has a fifty-two week low of $30.96 and a fifty-two week high of $37.45. The company’s 50 day moving average price is $36.14 and its two-hundred day moving average price is $35.07. The firm has a market capitalization of $70.68 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

Institutional Trading of Franklin FTSE Eurozone ETF

Institutional investors have recently modified their holdings of the business. Hedeker Wealth LLC raised its position in shares of Franklin FTSE Eurozone ETF by 53.4% during the second quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock worth $2,251,000 after acquiring an additional 21,881 shares during the last quarter. Madison Asset Management LLC bought a new stake in Franklin FTSE Eurozone ETF in the first quarter valued at approximately $371,000. Sigma Planning Corp bought a new stake in Franklin FTSE Eurozone ETF in the first quarter valued at approximately $226,000. Royal Bank of Canada increased its position in Franklin FTSE Eurozone ETF by 8.0% during the 1st quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock valued at $1,217,000 after purchasing an additional 2,797 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Franklin FTSE Eurozone ETF during the 2nd quarter valued at approximately $34,000.

About Franklin FTSE Eurozone ETF

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.