Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Growth in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 230,164 shares, an increase of 8,176.3% from the February 12th total of 2,781 shares. Based on an average daily trading volume, of 72,270 shares, the days-to-cover ratio is presently 3.2 days. Approximately 0.8% of the company’s shares are short sold. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 72,270 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of institutional investors have recently bought and sold shares of FLGB. Envestnet Asset Management Inc. grew its stake in shares of 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 valued at $8,103,000 after buying an additional 7,735 shares during the period. Atria Investments Inc increased its stake in Franklin FTSE United Kingdom ETF by 32.5% during the second 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. Bell Investment Advisors Inc increased its stake in Franklin FTSE United Kingdom ETF by 14.0% during the second quarter. Bell Investment Advisors Inc now owns 5,197 shares of the company’s stock worth $159,000 after acquiring an additional 640 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after purchasing an additional 686 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Franklin FTSE United Kingdom ETF in the second quarter valued at $327,000.

Franklin FTSE United Kingdom ETF Stock Down 0.2%

Shares of FLGB opened at $35.33 on Thursday. Franklin FTSE United Kingdom ETF has a 52-week low of $25.10 and a 52-week high of $37.37. The stock has a fifty day simple moving average of $35.45 and a two-hundred day simple moving average of $33.62. The company has a market capitalization of $978.64 million, a PE ratio of 15.48 and a beta of 0.75.

About Franklin FTSE United Kingdom ETF

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.