Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Up 324.7% in May

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,839 shares, an increase of 324.7% from the May 14th total of 433 shares. Based on an average daily trading volume, of 12,078 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin FTSE Germany ETF

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its position in Franklin FTSE Germany ETF by 10.0% in the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock worth $483,000 after buying an additional 1,313 shares during the last quarter. Bank of America Corp DE increased its position in shares of Franklin FTSE Germany ETF by 8.1% during the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after purchasing an additional 3,370 shares during the last quarter. Marotta Asset Management increased its position in shares of Franklin FTSE Germany ETF by 4.2% during the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock valued at $7,216,000 after purchasing an additional 9,227 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Franklin FTSE Germany ETF during the 2nd quarter valued at about $793,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE Germany ETF during the 3rd quarter valued at about $2,022,000.

Franklin FTSE Germany ETF Stock Performance

Shares of NYSEARCA:FLGR opened at $33.37 on Friday. Franklin FTSE Germany ETF has a fifty-two week low of $29.96 and a fifty-two week high of $35.18. The business has a 50-day simple moving average of $33.31 and a two-hundred day simple moving average of $33.30. The firm has a market cap of $43.38 million, a price-to-earnings ratio of 17.93 and a beta of 0.95.

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.