Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Significant Drop in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 5,952 shares, a drop of 90.0% from the January 15th total of 59,310 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 88,351 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 88,351 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments Inc lifted its stake in Franklin FTSE United Kingdom ETF by 32.5% in the second quarter. Atria Investments Inc now owns 14,021 shares of the company’s stock valued at $429,000 after buying an additional 3,439 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Franklin FTSE United Kingdom ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock worth $8,103,000 after buying an additional 7,735 shares during the period. Corient Private Wealth LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 4,815.7% in the 2nd quarter. Corient Private Wealth LLC now owns 2,021,235 shares of the company’s stock valued at $61,898,000 after acquiring an additional 1,980,117 shares during the last quarter. Avestar Capital LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at approximately $864,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter valued at approximately $19,153,000.

Franklin FTSE United Kingdom ETF Trading Down 0.7%

Shares of FLGB traded down $0.26 on Thursday, reaching $35.93. 111,219 shares of the company’s stock were exchanged, compared to its average volume of 285,773. The business has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $32.96. Franklin FTSE United Kingdom ETF has a 12 month low of $25.10 and a 12 month high of $36.27. The stock has a market capitalization of $995.26 million, a P/E ratio of 15.48 and a beta of 0.75.

About Franklin FTSE United Kingdom ETF

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.