Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Significant Decrease in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 25,505 shares, a drop of 32.4% from the December 31st total of 37,731 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 10,173 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 10,173 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Franklin FTSE Europe ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC grew its position in Franklin FTSE Europe ETF by 298.5% during the 2nd quarter. Tidal Investments LLC now owns 259,038 shares of the company’s stock worth $8,675,000 after acquiring an additional 194,028 shares during the last quarter. Flow Traders U.S. LLC lifted its stake in shares of Franklin FTSE Europe ETF by 129.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 187,317 shares of the company’s stock valued at $6,500,000 after purchasing an additional 105,741 shares during the period. Franklin Resources Inc. lifted its stake in Franklin FTSE Europe ETF by 110.5% in the second quarter. Franklin Resources Inc. now owns 148,894 shares of the company’s stock valued at $4,989,000 after buying an additional 78,164 shares during the period. Osaic Holdings Inc. raised its position in shares of Franklin FTSE Europe ETF by 56.3% in the 2nd quarter. Osaic Holdings Inc. now owns 49,371 shares of the company’s stock valued at $1,653,000 after acquiring an additional 17,785 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in Franklin FTSE Europe ETF in the third quarter worth $589,000.

Franklin FTSE Europe ETF Stock Down 0.8%

Shares of FLEE stock traded down $0.30 during trading hours on Friday, reaching $38.33. 185,166 shares of the stock traded hands, compared to its average volume of 32,233. The business has a fifty day moving average price of $36.84 and a 200 day moving average price of $35.35. Franklin FTSE Europe ETF has a 1-year low of $27.41 and a 1-year high of $38.92. The firm has a market capitalization of $122.66 million, a PE 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.