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

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

Institutional Trading of Franklin FTSE Germany ETF

Institutional investors have recently added to or reduced their stakes in the business. Marotta Asset Management lifted its holdings in shares of Franklin FTSE Germany ETF by 8.9% during the fourth quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock valued at $7,309,000 after purchasing an additional 17,798 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Franklin FTSE Germany ETF in the 3rd quarter worth about $2,022,000. Bank of America Corp DE lifted its stake in Franklin FTSE Germany ETF by 8.1% during the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after acquiring an additional 3,370 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Franklin FTSE Germany ETF during the 2nd quarter valued at about $793,000. Finally, Atria Investments Inc purchased a new stake in Franklin FTSE Germany ETF in the second quarter worth approximately $686,000.

Franklin FTSE Germany ETF Price Performance

FLGR stock traded down $0.51 on Thursday, reaching $34.30. 11,984 shares of the company traded hands, compared to its average volume of 29,504. Franklin FTSE Germany ETF has a one year low of $25.87 and a one year high of $35.09. The firm has a fifty day simple moving average of $33.44 and a 200-day simple moving average of $33.06. The company has a market cap of $56.60 million, a P/E ratio of 17.93 and a beta of 1.04.

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.