Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Declines By 84.1%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 3,266 shares, a decrease of 84.1% from the December 31st total of 20,546 shares. Based on an average trading volume of 49,149 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 49,149 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Franklin FTSE Germany ETF Trading Up 1.1%

Shares of NYSEARCA:FLGR traded up $0.38 during trading on Tuesday, hitting $35.01. 3,888 shares of the company’s stock traded hands, compared to its average volume of 31,982. Franklin FTSE Germany ETF has a 52 week low of $25.87 and a 52 week high of $35.09. The company has a market cap of $57.77 million, a price-to-earnings ratio of 17.93 and a beta of 1.04. The company has a 50-day moving average price of $33.29 and a 200-day moving average price of $33.04.

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.