Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Large Increase in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 1,940 shares, a growth of 387.4% from the March 31st total of 398 shares. Based on an average daily trading volume, of 7,382 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Franklin FTSE Eurozone ETF Price Performance

Shares of FLEU opened at $34.38 on Friday. Franklin FTSE Eurozone ETF has a 1-year low of $28.47 and a 1-year high of $35.96. The company has a 50-day moving average of $33.66 and a 200 day moving average of $33.33. The firm has a market capitalization of $68.76 million, a price-to-earnings ratio of 16.43 and a beta of 0.70.

Institutional Investors Weigh In On Franklin FTSE Eurozone ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Franklin FTSE Eurozone ETF by 8.6% during the 4th quarter. Royal Bank of Canada now owns 34,836 shares of the company’s stock valued at $1,158,000 after purchasing an additional 2,755 shares in the last quarter. MML Investors Services LLC bought a new stake in Franklin FTSE Eurozone ETF during the 4th quarter valued at $227,000. Cornerstone Wealth Management LLC raised its position in Franklin FTSE Eurozone ETF by 20.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after purchasing an additional 2,944 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Franklin FTSE Eurozone ETF during the 4th quarter valued at $26,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Franklin FTSE Eurozone ETF during the 3rd quarter valued at $81,000.

Franklin FTSE Eurozone ETF Company Profile

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.