Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Down 67.2% in June

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 19,532 shares, a drop of 67.2% from the June 15th total of 59,610 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 63,835 shares, the days-to-cover ratio is presently 0.3 days.

Franklin FTSE United Kingdom ETF Stock Performance

Shares of NYSEARCA FLGB opened at $35.78 on Monday. The firm has a market cap of $869.45 million, a P/E ratio of 15.48 and a beta of 0.64. The business’s 50 day moving average is $35.67 and its 200-day moving average is $35.41. Franklin FTSE United Kingdom ETF has a 1-year low of $30.41 and a 1-year high of $37.37.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLGB. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. increased its position in Franklin FTSE United Kingdom ETF by 79.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after acquiring an additional 686 shares during the period. Triumph Capital Management bought a new position in Franklin FTSE United Kingdom ETF during the third quarter worth about $110,000. Finally, Bayban acquired a new stake in Franklin FTSE United Kingdom ETF in the 4th quarter worth about $150,000.

Franklin FTSE United Kingdom ETF Company Profile

(Get Free Report)

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.

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