Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Significant Decrease in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 703 shares, a decline of 88.1% from the April 15th total of 5,911 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 4,601 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC raised its stake in Franklin FTSE Germany ETF by 10.0% during the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after purchasing an additional 1,313 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Franklin FTSE Germany ETF by 8.1% during the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock worth $1,475,000 after buying an additional 3,370 shares during the period. Marotta Asset Management boosted its stake in shares of Franklin FTSE Germany ETF by 4.2% in the 1st 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in Franklin FTSE Germany ETF during the second quarter worth about $793,000. Finally, Flow Traders U.S. LLC bought a new stake in Franklin FTSE Germany ETF during the 3rd quarter worth approximately $2,022,000.

Franklin FTSE Germany ETF Stock Performance

Shares of Franklin FTSE Germany ETF stock traded down $0.42 during midday trading on Tuesday, reaching $32.96. 2,965 shares of the company’s stock traded hands, compared to its average volume of 11,235. The company has a market cap of $42.85 million, a price-to-earnings ratio of 17.93 and a beta of 0.95. Franklin FTSE Germany ETF has a 52 week low of $29.96 and a 52 week high of $35.18. The company’s 50 day simple moving average is $32.45 and its 200 day simple moving average is $33.07.

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.