Short Interest in Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Rises By 38.3%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,269 shares, an increase of 38.3% from the December 15th total of 3,087 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 8,894 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 8,894 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Franklin FTSE Eurozone ETF Trading Up 0.2%

Franklin FTSE Eurozone ETF stock traded up $0.07 during midday trading on Friday, hitting $34.19. 36,594 shares of the stock were exchanged, compared to its average volume of 13,636. The stock’s 50-day simple moving average is $32.97 and its 200 day simple moving average is $32.02. Franklin FTSE Eurozone ETF has a fifty-two week low of $23.50 and a fifty-two week high of $34.49. The stock has a market capitalization of $61.54 million, a price-to-earnings ratio of 16.43 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in Franklin FTSE Eurozone ETF by 17.4% in the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after acquiring an additional 1,963 shares in the last quarter. Addison Advisors LLC purchased a new stake in Franklin FTSE Eurozone ETF during the 2nd quarter worth approximately $68,000. Measured Wealth Private Client Group LLC acquired a new stake in Franklin FTSE Eurozone ETF during the 3rd quarter worth approximately $81,000. Hedeker Wealth LLC purchased a new position in Franklin FTSE Eurozone ETF in the 2nd quarter valued at approximately $208,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Franklin FTSE Eurozone ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 71,819 shares of the company’s stock worth $2,221,000 after acquiring an additional 8,079 shares in the last quarter.

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.