Short Interest in Franklin FTSE Europe ETF (NYSEARCA:FLEE) Decreases By 51.3%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 973 shares, a drop of 51.3% from the July 30th total of 1,998 shares. Based on an average daily volume of 2,706 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Franklin FTSE Europe ETF Stock Down 0.2%

NYSEARCA:FLEE traded down $0.10 during midday trading on Friday, reaching $40.02. The stock had a trading volume of 1,044 shares, compared to its average volume of 15,760. The stock has a market cap of $120.06 million, a P/E ratio of 16.76 and a beta of 0.82. The firm has a fifty day simple moving average of $39.29 and a two-hundred day simple moving average of $38.53. Franklin FTSE Europe ETF has a 12-month low of $33.58 and a 12-month high of $40.53.

Institutional Trading of Franklin FTSE Europe ETF

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Franklin FTSE Europe ETF by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock worth $2,114,000 after purchasing an additional 24,309 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Franklin FTSE Europe ETF in the first quarter valued at about $691,000. Kestra Private Wealth Services LLC boosted its holdings in Franklin FTSE Europe ETF by 4.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,498 shares of the company’s stock valued at $274,000 after purchasing an additional 288 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Franklin FTSE Europe ETF in the 4th quarter valued at approximately $24,010,000. Finally, LPL Financial LLC boosted its holdings in Franklin FTSE Europe ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 24,818 shares of the company’s stock valued at $907,000 after purchasing an additional 1,952 shares in the last quarter.

Franklin FTSE Europe ETF Company Profile

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.