Short Interest in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Declines By 87.6%

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 32,830 shares, a decrease of 87.6% from the November 30th total of 263,870 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,854 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 121,854 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLGB. Atria Investments Inc lifted its holdings in shares of Franklin FTSE United Kingdom ETF by 32.5% in the 2nd quarter. Atria Investments Inc now owns 14,021 shares of the company’s stock worth $429,000 after acquiring an additional 3,439 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Franklin FTSE United Kingdom ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock worth $8,103,000 after purchasing an additional 7,735 shares during the period. Corient Private Wealth LLC raised its position in Franklin FTSE United Kingdom ETF by 4,815.7% in the 2nd quarter. Corient Private Wealth LLC now owns 2,021,235 shares of the company’s stock worth $61,898,000 after purchasing an additional 1,980,117 shares during the period. Tradewinds Capital Management LLC bought a new stake in Franklin FTSE United Kingdom ETF in the second quarter worth $19,153,000. Finally, Avestar Capital LLC purchased a new stake in Franklin FTSE United Kingdom ETF during the second quarter valued at about $864,000.

Franklin FTSE United Kingdom ETF Stock Up 0.1%

Shares of NYSEARCA FLGB traded up $0.02 during mid-day trading on Wednesday, reaching $33.69. 43,585 shares of the company were exchanged, compared to its average volume of 144,737. Franklin FTSE United Kingdom ETF has a 52 week low of $25.10 and a 52 week high of $33.90. The company’s 50 day moving average price is $32.92 and its 200 day moving average price is $31.95. The stock has a market capitalization of $945.00 million, a PE ratio of 15.48 and a beta of 0.75.

Franklin FTSE United Kingdom ETF Company Profile

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.