Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Drops By 38.4%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 433 shares, a decrease of 38.4% from the April 30th total of 703 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,225 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in Franklin FTSE Germany ETF during the third quarter valued at $2,022,000. JPMorgan Chase & Co. purchased a new position in Franklin FTSE Germany ETF during the 2nd quarter valued at about $793,000. Marotta Asset Management lifted its holdings in Franklin FTSE Germany ETF by 8.9% during the fourth quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock worth $7,309,000 after buying an additional 17,798 shares during the period. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Germany ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock valued at $1,997,000 after purchasing an additional 14,660 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Franklin FTSE Germany ETF by 10.0% during the fourth quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after acquiring an additional 1,313 shares in the last quarter.

Franklin FTSE Germany ETF Stock Performance

Shares of Franklin FTSE Germany ETF stock traded down $0.24 during trading hours on Thursday, hitting $34.09. The company’s stock had a trading volume of 331 shares, compared to its average volume of 10,855. The business has a 50 day moving average price of $32.97 and a two-hundred day moving average price of $33.22. Franklin FTSE Germany ETF has a 12-month low of $29.96 and a 12-month high of $35.18. The company has a market cap of $44.32 million, a PE ratio of 17.93 and a beta of 0.95.

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.