Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Significant Decline in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,115 shares, a drop of 45.2% from the August 15th total of 2,033 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,801 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Franklin FTSE Eurozone ETF

A number of large investors have recently made changes to their positions in FLEU. Hedeker Wealth LLC grew its holdings in Franklin FTSE Eurozone ETF by 53.4% during the 2nd quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock valued at $2,251,000 after purchasing an additional 21,881 shares during the last quarter. Royal Bank of Canada lifted its stake in Franklin FTSE Eurozone ETF by 8.0% in the first quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock worth $1,217,000 after purchasing an additional 2,797 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Franklin FTSE Eurozone ETF by 20.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after buying an additional 2,944 shares during the period. Madison Asset Management LLC purchased a new position in shares of Franklin FTSE Eurozone ETF during the first quarter valued at approximately $371,000. Finally, Sigma Planning Corp bought a new position in shares of Franklin FTSE Eurozone ETF during the first quarter valued at approximately $226,000.

Franklin FTSE Eurozone ETF Stock Performance

NYSEARCA FLEU traded down $0.13 on Wednesday, hitting $35.39. 26,482 shares of the stock were exchanged, compared to its average volume of 9,431. Franklin FTSE Eurozone ETF has a 52-week low of $30.96 and a 52-week high of $37.45. The firm has a market capitalization of $74.67 million, a P/E ratio of 16.43 and a beta of 0.69. The stock has a fifty day moving average price of $36.13 and a two-hundred day moving average price of $35.01.

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.