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

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,234 shares, a decline of 48.9% from the August 31st total of 2,414 shares. Based on an average daily trading volume, of 9,311 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Franklin FTSE Europe ETF Price Performance

Shares of NYSEARCA:FLEE opened at $38.48 on Tuesday. The company’s 50-day moving average price is $39.45 and its two-hundred day moving average price is $38.59. Franklin FTSE Europe ETF has a one year low of $34.16 and a one year high of $40.53. The stock has a market capitalization of $107.74 million, a PE ratio of 16.76 and a beta of 0.82.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of Franklin FTSE Europe ETF by 105.9% during the 2nd quarter. Tidal Investments LLC now owns 304,130 shares of the company’s stock worth $11,815,000 after purchasing an additional 156,449 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin FTSE Europe ETF by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock valued at $2,114,000 after buying an additional 24,309 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Franklin FTSE Europe ETF in the 1st quarter valued at approximately $691,000. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Franklin FTSE Europe ETF by 16.9% in the second quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock valued at $313,000 after buying an additional 1,164 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.