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 drop in short interest during the month of April. As of April 15th, there was short interest totaling 24,411 shares, a drop of 32.7% from the March 31st total of 36,292 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 74,861 shares, the short-interest ratio is presently 0.3 days.

Franklin FTSE United Kingdom ETF Trading Up 2.6%

FLGB stock traded up $0.92 during mid-day trading on Thursday, hitting $36.05. 629,469 shares of the company were exchanged, compared to its average volume of 217,392. The business has a 50 day simple moving average of $35.58 and a 200-day simple moving average of $34.42. The stock has a market capitalization of $854.39 million, a PE ratio of 15.48 and a beta of 0.68. Franklin FTSE United Kingdom ETF has a 1-year low of $28.96 and a 1-year high of $37.37.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLGB. Franklin Resources Inc. raised its position in shares of Franklin FTSE United Kingdom ETF by 625,000.0% in the third quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock valued at $38,778,000 after buying an additional 1,200,000 shares in the last quarter. Bank of America Corp DE raised its position in shares of Franklin FTSE United Kingdom ETF by 4.3% in the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after buying an additional 435,145 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Franklin FTSE United Kingdom ETF by 19,257.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 320,370 shares of the company’s stock valued at $10,980,000 after buying an additional 318,715 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at approximately $6,204,000. Finally, Purpose Unlimited Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at approximately $4,631,000.

Franklin FTSE United Kingdom ETF Company Profile

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.