Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Shares Shorted: Short Interest Down 68.3% in September

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 57,051 shares, a decrease of 68.3% from the August 31st total of 180,083 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 117,515 shares, the short-interest ratio is presently 0.5 days.

Franklin FTSE United Kingdom ETF Stock Down 1.1%

FLGB stock traded down $0.41 during midday trading on Tuesday, reaching $35.88. The company had a trading volume of 52,003 shares, compared to its average volume of 162,484. Franklin FTSE United Kingdom ETF has a fifty-two week low of $31.71 and a fifty-two week high of $38.03. The firm has a market capitalization of $855.86 million, a PE ratio of 15.48 and a beta of 0.63. The stock has a 50 day moving average price of $36.99 and a 200 day moving average price of $36.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLGB. Citadel Advisors LLC boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 51.0% in the second quarter. Citadel Advisors LLC now owns 52,030 shares of the company’s stock valued at $1,836,000 after acquiring an additional 17,564 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Franklin FTSE United Kingdom ETF by 29.8% during the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after purchasing an additional 14,704 shares during the period. Purpose Unlimited Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at $4,631,000. GHP Investment Advisors Inc. boosted its stake in Franklin FTSE United Kingdom ETF by 2.5% during the first quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock valued at $27,815,000 after buying an additional 19,845 shares in the last quarter. Finally, Morningstar Investment Management LLC acquired a new position in Franklin FTSE United Kingdom ETF during the first quarter worth about $7,507,000.

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.