Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Drops By 63.3%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,334 shares, a drop of 63.3% from the February 26th total of 3,638 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,532 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 6,532 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

A number of institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new stake in Franklin FTSE Germany ETF in the 3rd quarter valued at about $2,022,000. JPMorgan Chase & Co. acquired a new stake in shares of Franklin FTSE Germany ETF in the second quarter valued at approximately $793,000. Marotta Asset Management raised its position in shares of Franklin FTSE Germany ETF by 8.9% in 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. Bank of America Corp DE boosted its stake 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 valued at $1,475,000 after buying an additional 3,370 shares during the period. Finally, Jane Street Group LLC boosted its stake 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 buying an additional 1,313 shares during the period.

Franklin FTSE Germany ETF Price Performance

FLGR opened at $30.75 on Wednesday. The business has a fifty day simple moving average of $33.65 and a 200 day simple moving average of $33.12. Franklin FTSE Germany ETF has a 1 year low of $25.87 and a 1 year high of $35.18. The company has a market capitalization of $39.98 million, a PE ratio of 17.93 and a beta of 1.04.

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.