Short Interest in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Declines By 90.8%

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 16,638 shares, a drop of 90.8% from the July 30th total of 181,280 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 297,829 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 686 shares during the period. Hsbc Holdings PLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter valued at approximately $327,000. Flow Traders U.S. LLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter valued at approximately $308,000. Quantinno Capital Management LP lifted its stake in shares of Franklin FTSE United Kingdom ETF by 11.5% during the 2nd quarter. Quantinno Capital Management LP now owns 52,984 shares of the company’s stock worth $1,623,000 after acquiring an additional 5,472 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Franklin FTSE United Kingdom ETF during the 2nd quarter valued at $144,000.

Franklin FTSE United Kingdom ETF Price Performance

Shares of Franklin FTSE United Kingdom ETF stock traded down $0.18 on Thursday, reaching $37.49. The company had a trading volume of 34,374 shares, compared to its average volume of 174,782. The firm has a market cap of $903.51 million, a price-to-earnings ratio of 15.48 and a beta of 0.64. The firm’s 50-day moving average price is $36.43 and its two-hundred day moving average price is $35.95. Franklin FTSE United Kingdom ETF has a 1 year low of $31.22 and a 1 year high of $38.03.

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.