Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Update

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 180,083 shares, a growth of 982.4% from the August 15th total of 16,638 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 142,684 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Franklin FTSE United Kingdom ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in Franklin FTSE United Kingdom ETF by 4.3% during the 3rd quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock worth $339,832,000 after purchasing an additional 435,145 shares in the last quarter. Franklin Resources Inc. lifted its position in Franklin FTSE United Kingdom ETF by 625,000.0% during the third quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock valued at $38,778,000 after buying an additional 1,200,000 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Franklin FTSE United Kingdom ETF by 2.5% during the first quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock valued at $27,815,000 after buying an additional 19,845 shares in the last quarter. LPL Financial LLC grew its stake in Franklin FTSE United Kingdom ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 392,481 shares of the company’s stock worth $13,246,000 after buying an additional 6,726 shares during the period. Finally, UBS Group AG grew its stake in Franklin FTSE United Kingdom ETF by 2.3% during the third quarter. UBS Group AG now owns 340,322 shares of the company’s stock worth $10,996,000 after buying an additional 7,758 shares during the period.

Franklin FTSE United Kingdom ETF Price Performance

FLGB stock traded down $0.28 during trading on Thursday, reaching $36.58. 28,208 shares of the stock traded hands, compared to its average volume of 171,687. The business’s 50 day moving average price is $36.83 and its 200-day moving average price is $36.03. Franklin FTSE United Kingdom ETF has a 52-week low of $31.45 and a 52-week high of $38.03. The firm has a market capitalization of $881.58 million, a PE ratio of 15.48 and a beta of 0.63.

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.