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

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 433 shares, a drop of 38.4% from the April 30th total of 703 shares. Based on an average daily volume of 5,225 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Franklin FTSE Germany ETF

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of 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 valued at $1,997,000 after purchasing an additional 14,660 shares during the period. Marotta Asset Management grew its position in shares of 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 period. Jane Street Group LLC grew its position in shares of Franklin FTSE Germany ETF by 10.0% in the fourth 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 period. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Germany ETF in the third quarter valued at about $2,022,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Franklin FTSE Germany ETF in the second quarter valued at about $793,000.

Franklin FTSE Germany ETF Stock Up 0.1%

Shares of NYSEARCA FLGR opened at $34.33 on Wednesday. The company’s 50-day simple moving average is $32.83 and its 200-day simple moving average is $33.21. Franklin FTSE Germany ETF has a 52-week low of $29.96 and a 52-week high of $35.18. The firm has a market cap of $44.63 million, a price-to-earnings ratio of 17.93 and a beta of 0.95.

Franklin FTSE Germany ETF Company Profile

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.