Short Interest in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Grows By 174.4%

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 53,588 shares, an increase of 174.4% from the June 30th total of 19,532 shares. Based on an average daily trading volume, of 59,938 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Franklin FTSE United Kingdom ETF Trading Up 1.0%

Shares of Franklin FTSE United Kingdom ETF stock traded up $0.38 on Tuesday, reaching $36.80. The stock had a trading volume of 301,827 shares, compared to its average volume of 168,574. The business’s 50 day moving average is $35.75 and its two-hundred day moving average is $35.58. Franklin FTSE United Kingdom ETF has a 1 year low of $30.44 and a 1 year high of $37.37. The company has a market cap of $899.76 million, a P/E ratio of 15.48 and a beta of 0.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLGB. Quantinno Capital Management LP raised its holdings in shares of Franklin FTSE United Kingdom ETF by 29.8% in the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after acquiring an additional 14,704 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF during the 1st quarter valued at about $7,507,000. Dynamic Wealth Strategies LLC grew its holdings in shares of Franklin FTSE United Kingdom ETF by 8.9% during the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock worth $430,000 after purchasing an additional 1,008 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Franklin FTSE United Kingdom ETF by 2.2% during the first quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock worth $10,178,000 after purchasing an additional 6,176 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Franklin FTSE United Kingdom ETF by 10.7% in the first quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock worth $439,000 after purchasing an additional 1,220 shares during the last quarter.

About Franklin FTSE United Kingdom ETF

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.