Franklin FTSE Germany ETF (NYSEARCA:FLGR) Stock Short Interest Declines 52.7%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 330 shares, a decline of 52.7% from the August 31st total of 697 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,865 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Franklin FTSE Germany ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FLGR. Marotta Asset Management boosted its stake in Franklin FTSE Germany ETF by 4.2% during the first quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock worth $7,216,000 after acquiring an additional 9,227 shares in the last quarter. Bank of America Corp DE grew its holdings in Franklin FTSE Germany ETF by 29.8% in the first quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after purchasing an additional 14,660 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Franklin FTSE Germany ETF during the second quarter valued at approximately $391,000.

Franklin FTSE Germany ETF Stock Performance

Shares of NYSEARCA FLGR traded down $0.16 during midday trading on Tuesday, hitting $32.58. 2,064 shares of the company traded hands, compared to its average volume of 7,443. Franklin FTSE Germany ETF has a 12-month low of $29.96 and a 12-month high of $35.18. The stock has a 50-day moving average price of $33.60 and a 200 day moving average price of $33.05. The firm has a market cap of $37.47 million, a P/E ratio of 17.93 and a beta of 0.96.

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.