Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 53,588 shares, a growth of 174.4% from the June 30th total of 19,532 shares. Based on an average trading volume of 59,938 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.
Franklin FTSE United Kingdom ETF Stock Performance
Shares of NYSEARCA FLGB opened at $36.80 on Wednesday. The firm has a fifty day moving average of $35.78 and a 200 day moving average of $35.60. The firm has a market cap of $899.76 million, a PE ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a one year low of $30.44 and a one year high of $37.37.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new stake in Franklin FTSE United Kingdom ETF in the 2nd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF during the fourth quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after acquiring an additional 686 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Franklin FTSE United Kingdom ETF in the third quarter valued at approximately $110,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth approximately $144,000.
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.
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