Franklin FTSE Germany ETF (NYSEARCA:FLGR – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 697 shares, an increase of 131.6% from the August 15th total of 301 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,654 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Germany ETF in the 2nd quarter worth about $391,000. Bank of America Corp DE boosted its stake in Franklin FTSE Germany ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock valued at $1,997,000 after purchasing an additional 14,660 shares during the last quarter. Finally, Marotta Asset Management increased its holdings in Franklin FTSE Germany ETF by 4.2% during the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock worth $7,216,000 after purchasing an additional 9,227 shares in the last quarter.
Franklin FTSE Germany ETF Trading Down 0.4%
Shares of FLGR traded down $0.14 during trading hours on Tuesday, reaching $33.16. The stock had a trading volume of 2,155 shares, compared to its average volume of 7,665. The firm has a 50-day simple moving average of $33.46 and a 200 day simple moving average of $33.09. Franklin FTSE Germany ETF has a 12 month low of $29.96 and a 12 month high of $35.18. The company has a market capitalization of $38.13 million, a price-to-earnings ratio of 17.93 and a beta of 0.96.
Franklin FTSE Germany ETF Company Profile
The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.
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