Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Rises By 145.4%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 20,546 shares, a growth of 145.4% from the December 15th total of 8,372 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 30,659 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 30,659 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the company’s stock are sold short.

Franklin FTSE Germany ETF Trading Up 0.1%

NYSEARCA FLGR traded up $0.03 during trading hours on Friday, reaching $34.17. 15,073 shares of the company traded hands, compared to its average volume of 44,713. The stock has a market capitalization of $56.38 million, a PE ratio of 17.93 and a beta of 1.04. Franklin FTSE Germany ETF has a 12 month low of $25.87 and a 12 month high of $34.65. The company has a 50 day moving average of $32.96 and a two-hundred day moving average of $33.02.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Marotta Asset Management raised its position in shares of Franklin FTSE Germany ETF by 8.9% during the 4th quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock valued at $7,309,000 after acquiring an additional 17,798 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Germany ETF during the third quarter worth $2,022,000. 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 purchasing an additional 3,370 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Franklin FTSE Germany ETF in the 2nd quarter worth about $793,000. Finally, Atria Investments Inc acquired a new position in shares of Franklin FTSE Germany ETF in the 2nd quarter valued at about $686,000.

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.