Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Large Increase in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 37,731 shares, an increase of 48.1% from the December 15th total of 25,479 shares. Based on an average trading volume of 20,603 shares, the short-interest ratio is currently 1.8 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 20,603 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLEE. Raymond James Financial Inc. bought a new position in Franklin FTSE Europe ETF during the second quarter worth $140,000. Vident Advisory LLC acquired a new position in shares of Franklin FTSE Europe ETF during the second quarter valued at about $231,000. Kestra Private Wealth Services LLC boosted its position in shares of Franklin FTSE Europe ETF by 8.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock worth $250,000 after purchasing an additional 576 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Franklin FTSE Europe ETF in the 3rd quarter valued at about $589,000. Finally, Bank of America Corp DE grew its stake in shares of Franklin FTSE Europe ETF by 18.8% in the 3rd quarter. Bank of America Corp DE now owns 30,949 shares of the company’s stock valued at $1,074,000 after buying an additional 4,905 shares during the period.

Franklin FTSE Europe ETF Price Performance

Shares of Franklin FTSE Europe ETF stock traded up $0.09 on Friday, hitting $37.73. 193,102 shares of the company’s stock traded hands, compared to its average volume of 26,773. The company has a fifty day moving average of $36.26 and a two-hundred day moving average of $35.07. Franklin FTSE Europe ETF has a one year low of $27.41 and a one year high of $37.82. The company has a market capitalization of $120.74 million, a price-to-earnings ratio of 16.76 and a beta of 0.90.

About Franklin FTSE Europe ETF

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.