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

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

Franklin FTSE United Kingdom ETF Trading Down 0.8%

NYSEARCA:FLGB traded down $0.28 during mid-day trading on Thursday, hitting $36.58. The company had a trading volume of 28,208 shares, compared to its average volume of 171,687. The business has a fifty day simple moving average of $36.83 and a 200-day simple moving average of $36.03. Franklin FTSE United Kingdom ETF has a 1 year low of $31.45 and a 1 year high of $38.03. The firm has a market capitalization of $881.58 million, a price-to-earnings ratio of 15.48 and a beta of 0.63.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of 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 worth $38,778,000 after acquiring an additional 1,200,000 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Franklin FTSE United Kingdom ETF by 4.3% in the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock worth $339,832,000 after acquiring an additional 435,145 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Franklin FTSE United Kingdom ETF by 19,257.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 320,370 shares of the company’s stock valued at $10,980,000 after purchasing an additional 318,715 shares during the last quarter. Morningstar Investment Management LLC purchased a new position in Franklin FTSE United Kingdom ETF in the first quarter valued at about $7,507,000. Finally, EP Wealth Advisors LLC acquired a new stake in Franklin FTSE United Kingdom ETF during the 4th quarter valued at approximately $6,204,000.

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.