Franklin FTSE Germany ETF (NYSEARCA:FLGR – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 330 shares, a drop of 52.7% from the August 31st total of 697 shares. Based on an average daily trading volume, of 1,865 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Franklin FTSE Germany ETF
A number of hedge funds have recently modified their holdings of the stock. Marotta Asset Management lifted its stake in Franklin FTSE Germany ETF by 4.2% in the first quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock valued at $7,216,000 after purchasing an additional 9,227 shares during the last quarter. Bank of America Corp DE increased its position in Franklin FTSE Germany ETF by 29.8% in the first quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after buying an additional 14,660 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Franklin FTSE Germany ETF in the second quarter valued at $391,000.
Franklin FTSE Germany ETF Stock Performance
FLGR stock traded down $0.42 during mid-day trading on Thursday, hitting $31.72. The company had a trading volume of 614 shares, compared to its average volume of 7,377. The firm has a market cap of $36.48 million, a PE ratio of 17.93 and a beta of 0.96. Franklin FTSE Germany ETF has a 12 month low of $29.96 and a 12 month high of $35.18. The stock’s fifty day moving average price is $33.60 and its two-hundred day moving average price is $33.05.
About Franklin FTSE Germany ETF
The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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