Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Large Increase in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 12,245 shares, a growth of 274.9% from the January 15th total of 3,266 shares. Based on an average daily trading volume, of 7,564 shares, the short-interest ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,564 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Hedge funds have recently added to or reduced their stakes in the business. Atria Investments Inc acquired a new position in shares of Franklin FTSE Germany ETF during the second quarter worth approximately $686,000. JPMorgan Chase & Co. purchased a new stake in shares of Franklin FTSE Germany ETF during the 2nd quarter valued at $793,000. Marotta Asset Management raised its position in Franklin FTSE Germany ETF by 2.5% in the third quarter. Marotta Asset Management now owns 200,165 shares of the company’s stock worth $6,667,000 after acquiring an additional 4,910 shares during the period. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Germany ETF by 8.1% in the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock worth $1,475,000 after purchasing an additional 3,370 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Germany ETF during the third quarter valued at about $2,022,000.

Franklin FTSE Germany ETF Trading Down 0.5%

Franklin FTSE Germany ETF stock traded down $0.18 during mid-day trading on Wednesday, reaching $34.78. The company had a trading volume of 2,310 shares, compared to its average volume of 21,047. Franklin FTSE Germany ETF has a fifty-two week low of $25.87 and a fifty-two week high of $35.09. The company has a market cap of $45.21 million, a P/E ratio of 17.93 and a beta of 1.04. The business has a fifty day simple moving average of $33.83 and a 200 day simple moving average of $33.10.

About Franklin FTSE Germany ETF

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.