Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Significant Growth in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,414 shares, an increase of 148.1% from the August 15th total of 973 shares. Based on an average daily volume of 3,965 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Franklin FTSE Europe ETF by 16.9% during the second quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock worth $313,000 after buying an additional 1,164 shares in the last quarter. Fifth Third Bancorp bought a new stake in Franklin FTSE Europe ETF in the 1st quarter valued at $691,000. EverSource Wealth Advisors LLC raised its stake in shares of Franklin FTSE Europe ETF by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock valued at $2,114,000 after buying an additional 24,309 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Franklin FTSE Europe ETF by 105.9% in the 2nd quarter. Tidal Investments LLC now owns 304,130 shares of the company’s stock valued at $11,815,000 after buying an additional 156,449 shares in the last quarter.

Franklin FTSE Europe ETF Stock Down 1.2%

Franklin FTSE Europe ETF stock traded down $0.48 during trading hours on Tuesday, hitting $38.67. The stock had a trading volume of 221 shares, compared to its average volume of 15,455. The company has a 50-day moving average of $39.44 and a two-hundred day moving average of $38.55. The company has a market cap of $116.02 million, a PE ratio of 16.76 and a beta of 0.82. Franklin FTSE Europe ETF has a fifty-two week low of $34.07 and a fifty-two week high of $40.53.

About Franklin FTSE Europe ETF

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.