Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Up 8,176.3% in February

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 230,164 shares, a growth of 8,176.3% from the February 12th total of 2,781 shares. Based on an average daily volume of 72,270 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 72,270 shares, the days-to-cover ratio is currently 3.2 days.

Franklin FTSE United Kingdom ETF Stock Performance

NYSEARCA:FLGB opened at $35.40 on Wednesday. Franklin FTSE United Kingdom ETF has a fifty-two week low of $25.10 and a fifty-two week high of $37.37. The firm has a market cap of $980.58 million, a PE ratio of 15.48 and a beta of 0.75. The business has a 50 day moving average price of $35.41 and a 200-day moving average price of $33.60.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bayban bought a new stake in Franklin FTSE United Kingdom ETF in the 4th quarter worth $150,000. Beacon Pointe Advisors LLC raised its stake in shares of Franklin FTSE United Kingdom ETF by 32.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 44,512 shares of the company’s stock valued at $1,502,000 after acquiring an additional 10,846 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the fourth quarter worth about $6,204,000. Royal Bank of Canada boosted its holdings in shares of Franklin FTSE United Kingdom ETF by 12.3% during the fourth quarter. Royal Bank of Canada now owns 60,560 shares of the company’s stock worth $2,044,000 after purchasing an additional 6,609 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Franklin FTSE United Kingdom ETF by 6.9% in the fourth quarter. MML Investors Services LLC now owns 17,096 shares of the company’s stock worth $577,000 after purchasing an additional 1,097 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.