Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Update
by Teresa Graham · The Cerbat GemFranklin FTSE Germany ETF (NYSEARCA:FLGR – Get Free Report) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 3,266 shares, a drop of 84.1% from the December 31st total of 20,546 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,149 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 49,149 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.
Franklin FTSE Germany ETF Stock Down 0.6%
Franklin FTSE Germany ETF stock traded down $0.20 during mid-day trading on Wednesday, hitting $34.81. The company’s stock had a trading volume of 5,026 shares, compared to its average volume of 30,479. The stock has a market capitalization of $57.44 million, a P/E ratio of 17.93 and a beta of 1.04. Franklin FTSE Germany ETF has a twelve month low of $25.87 and a twelve month high of $35.09. The stock’s fifty day moving average price is $33.36 and its two-hundred day moving average price is $33.05.
Institutional Investors Weigh In On Franklin FTSE Germany ETF
Hedge funds have recently modified their holdings of the stock. Atria Investments Inc purchased a new position in Franklin FTSE Germany ETF in the 2nd quarter worth about $686,000. Marotta Asset Management lifted its stake in Franklin FTSE Germany ETF by 8.9% during the fourth quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock valued at $7,309,000 after buying an additional 17,798 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Franklin FTSE Germany ETF in the third quarter worth about $2,022,000. Bank of America Corp DE increased its position in shares of Franklin FTSE Germany ETF by 8.1% in the third quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock worth $1,475,000 after acquiring an additional 3,370 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Franklin FTSE Germany ETF in the second quarter worth approximately $793,000.
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.