Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Stock Short Interest Drops 81.1%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,110 shares, a drop of 81.1% from the September 15th total of 5,884 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,104 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin FTSE Eurozone ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hedeker Wealth LLC lifted its holdings in Franklin FTSE Eurozone ETF by 53.4% in the 2nd quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock worth $2,251,000 after buying an additional 21,881 shares in the last quarter. Madison Asset Management LLC acquired a new stake in shares of Franklin FTSE Eurozone ETF during the first quarter worth approximately $371,000. Sigma Planning Corp acquired a new position in Franklin FTSE Eurozone ETF in the first quarter worth about $226,000. Royal Bank of Canada grew its position in shares of Franklin FTSE Eurozone ETF by 8.0% in the 1st quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock worth $1,217,000 after acquiring an additional 2,797 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Franklin FTSE Eurozone ETF during the second quarter valued at $34,000.

Franklin FTSE Eurozone ETF Stock Down 0.4%

Shares of NYSEARCA FLEU traded down $0.12 during trading on Monday, reaching $33.84. 669 shares of the stock were exchanged, compared to its average volume of 9,102. The business’s 50-day moving average price is $35.97 and its 200 day moving average price is $35.24. Franklin FTSE Eurozone ETF has a twelve month low of $30.96 and a twelve month high of $37.45. The company has a market capitalization of $67.68 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

About Franklin FTSE Eurozone ETF

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.