Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Significant Drop in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 25,455 shares, a decrease of 88.9% from the February 26th total of 230,164 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 607,665 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 607,665 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 4.3% in the 3rd quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after purchasing an additional 435,145 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Franklin FTSE United Kingdom ETF by 4,815.7% during the 2nd quarter. Corient Private Wealth LLC now owns 2,021,235 shares of the company’s stock worth $61,898,000 after buying an additional 1,980,117 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Franklin FTSE United Kingdom ETF by 625,000.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock worth $38,778,000 after buying an additional 1,200,000 shares during the last quarter. CW Advisors LLC lifted its position in shares of Franklin FTSE United Kingdom ETF by 0.6% during the 2nd quarter. CW Advisors LLC now owns 871,928 shares of the company’s stock worth $26,707,000 after buying an additional 4,805 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Franklin FTSE United Kingdom ETF by 1.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 780,342 shares of the company’s stock valued at $26,337,000 after buying an additional 9,926 shares in the last quarter.

Franklin FTSE United Kingdom ETF Stock Up 1.6%

Shares of NYSEARCA:FLGB traded up $0.53 during midday trading on Wednesday, hitting $34.43. The stock had a trading volume of 61,206 shares, compared to its average volume of 277,304. The company’s 50-day moving average price is $35.49 and its 200-day moving average price is $33.80. Franklin FTSE United Kingdom ETF has a fifty-two week low of $25.10 and a fifty-two week high of $37.37. The company has a market capitalization of $953.71 million, a P/E 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.