Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Up 238.3% in July

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGBGet Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 181,280 shares, an increase of 238.3% from the July 15th total of 53,588 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 65,890 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new position in Franklin FTSE United Kingdom ETF during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $48,000 after acquiring an additional 686 shares during the period. Triumph Capital Management acquired a new position in Franklin FTSE United Kingdom ETF in the third quarter valued at approximately $110,000. Raymond James Financial Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF in the 2nd quarter worth $144,000. Finally, Bayban bought a new position in Franklin FTSE United Kingdom ETF during the fourth quarter worth about $150,000.

Franklin FTSE United Kingdom ETF Stock Down 0.1%

Franklin FTSE United Kingdom ETF stock traded down $0.05 during trading hours on Thursday, hitting $37.20. The stock had a trading volume of 17,032 shares, compared to its average volume of 176,049. The company has a 50-day moving average of $36.07 and a two-hundred day moving average of $35.81. The company has a market cap of $896.52 million, a PE ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a fifty-two week low of $31.22 and a fifty-two week high of $37.61.

About Franklin FTSE United Kingdom ETF

(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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