Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Down 88.1% in April

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 703 shares, a decrease of 88.1% from the April 15th total of 5,911 shares. Based on an average daily trading volume, of 4,601 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLGR. Jane Street Group LLC raised its holdings in Franklin FTSE Germany ETF by 10.0% during the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after buying an additional 1,313 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Franklin FTSE Germany ETF during the 2nd quarter valued at $793,000. Bank of America Corp DE raised its holdings in Franklin FTSE Germany ETF by 8.1% during the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after buying an additional 3,370 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Franklin FTSE Germany ETF during the 3rd quarter valued at $2,022,000. Finally, Marotta Asset Management boosted its holdings in Franklin FTSE Germany ETF by 4.2% in the first quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock valued at $7,216,000 after acquiring an additional 9,227 shares in the last quarter.

Franklin FTSE Germany ETF Stock Performance

NYSEARCA:FLGR traded up $0.03 during midday trading on Thursday, reaching $33.20. 7,424 shares of the stock traded hands, compared to its average volume of 11,101. The company has a fifty day moving average of $32.40 and a 200 day moving average of $33.08. Franklin FTSE Germany ETF has a 12 month low of $29.96 and a 12 month high of $35.18. The stock has a market capitalization of $43.16 million, a P/E ratio of 17.93 and a beta of 0.95.

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.