Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Large Growth in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,033 shares, an increase of 425.3% from the July 30th total of 387 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,268 shares, the days-to-cover ratio is presently 0.5 days.

Franklin FTSE Eurozone ETF Stock Up 0.5%

FLEU traded up $0.17 during trading on Friday, hitting $36.82. The company had a trading volume of 2,570 shares, compared to its average volume of 9,481. The firm’s 50-day moving average price is $36.02 and its 200 day moving average price is $34.93. The company has a market capitalization of $73.64 million, a PE ratio of 16.43 and a beta of 0.69. Franklin FTSE Eurozone ETF has a one year low of $30.49 and a one year high of $37.24.

Institutional Investors Weigh In On Franklin FTSE Eurozone ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in Franklin FTSE Eurozone ETF by 17.4% in the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after acquiring an additional 1,963 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Franklin FTSE Eurozone ETF by 133.9% during the 2nd quarter. Osaic Holdings Inc. now owns 32,500 shares of the company’s stock worth $1,005,000 after acquiring an additional 18,607 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Franklin FTSE Eurozone ETF in the third quarter valued at approximately $81,000. Cornerstone Wealth Management LLC raised its holdings in shares of Franklin FTSE Eurozone ETF by 20.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after purchasing an additional 2,944 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the fourth quarter worth $227,000.

About Franklin FTSE Eurozone ETF

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.