Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Increase in Short Interest

by · The Markets Daily

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 180,083 shares, a growth of 982.4% from the August 15th total of 16,638 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 142,684 shares, the days-to-cover ratio is presently 1.3 days.

Franklin FTSE United Kingdom ETF Price Performance

Shares of FLGB stock traded up $0.30 during trading hours on Friday, reaching $36.88. 16,899 shares of the company traded hands, compared to its average volume of 170,785. The firm has a 50-day moving average price of $36.83 and a 200 day moving average price of $36.03. The company has a market cap of $888.78 million, a P/E ratio of 15.48 and a beta of 0.63. Franklin FTSE United Kingdom ETF has a 12-month low of $31.45 and a 12-month high of $38.03.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Franklin FTSE United Kingdom ETF in the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. increased its position in Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after purchasing an additional 686 shares during the period. Triumph Capital Management bought a new stake in shares of Franklin FTSE United Kingdom ETF in the 3rd quarter valued at about $110,000. Bayban bought a new stake in shares of Franklin FTSE United Kingdom ETF in the 4th quarter valued at about $150,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth approximately $144,000.

Franklin FTSE United Kingdom ETF Company Profile

(Get Free Report)

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.

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