Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Down 90.0% in January

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 5,952 shares, a drop of 90.0% from the January 15th total of 59,310 shares. Based on an average daily trading volume, of 88,351 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 88,351 shares, the short-interest ratio is currently 0.1 days.

Franklin FTSE United Kingdom ETF Stock Performance

Shares of FLGB stock traded down $0.16 during mid-day trading on Tuesday, hitting $35.83. The company’s stock had a trading volume of 52,398 shares, compared to its average volume of 300,407. The company’s fifty day simple moving average is $34.31 and its 200-day simple moving average is $32.92. Franklin FTSE United Kingdom ETF has a 52 week low of $25.10 and a 52 week high of $36.27. The company has a market cap of $992.49 million, a PE ratio of 15.48 and a beta of 0.75.

Institutional Trading of Franklin FTSE United Kingdom ETF

Several large investors have recently made changes to their positions in FLGB. Geneos Wealth Management Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Franklin FTSE United Kingdom ETF during the fourth quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after acquiring an additional 686 shares during the period. Triumph Capital Management bought a new position in Franklin FTSE United Kingdom ETF during the third quarter valued at $110,000. Finally, Raymond James Financial Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter worth $144,000.

Franklin FTSE United Kingdom ETF Company Profile

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.