Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Increases By 131.6%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 697 shares, an increase of 131.6% from the August 15th total of 301 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,654 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Franklin FTSE Germany ETF

A number of hedge funds have recently modified their holdings of the company. Marotta Asset Management increased its position in shares of Franklin FTSE Germany ETF by 4.2% during 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. Bank of America Corp DE boosted its stake in Franklin FTSE Germany ETF by 29.8% during 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 in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Franklin FTSE Germany ETF in the 2nd quarter valued at $391,000.

Franklin FTSE Germany ETF Price Performance

Shares of Franklin FTSE Germany ETF stock opened at $33.12 on Wednesday. The company has a market cap of $38.09 million, a PE ratio of 17.93 and a beta of 0.96. The firm has a fifty day moving average price of $33.46 and a two-hundred day moving average price of $33.07. Franklin FTSE Germany ETF has a fifty-two week low of $29.96 and a fifty-two week high of $35.18.

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.