Short Interest in Franklin FTSE Europe ETF (NYSEARCA:FLEE) Drops By 51.3%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 973 shares, a drop of 51.3% from the July 30th total of 1,998 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,706 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin FTSE Europe ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Franklin FTSE Europe ETF in the 2nd quarter valued at $140,000. Vident Advisory LLC acquired a new position in Franklin FTSE Europe ETF in the second quarter valued at $231,000. Kestra Private Wealth Services LLC raised its holdings in shares of Franklin FTSE Europe ETF by 8.7% in the third quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock valued at $250,000 after buying an additional 576 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Franklin FTSE Europe ETF in the third quarter valued at about $589,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Franklin FTSE Europe ETF in the first quarter valued at about $691,000.

Franklin FTSE Europe ETF Trading Down 0.2%

NYSEARCA:FLEE traded down $0.10 during midday trading on Friday, hitting $40.02. 1,044 shares of the company were exchanged, compared to its average volume of 15,760. Franklin FTSE Europe ETF has a fifty-two week low of $33.58 and a fifty-two week high of $40.53. The company has a market capitalization of $120.06 million, a PE ratio of 16.76 and a beta of 0.82. The company has a fifty day simple moving average of $39.29 and a 200 day simple moving average of $38.53.

About Franklin FTSE Europe ETF

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.