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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 62,905 shares, a growth of 91.6% from the December 15th total of 32,830 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 69,707 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 69,707 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Franklin FTSE United Kingdom ETF Price Performance

Shares of Franklin FTSE United Kingdom ETF stock traded up $0.07 during trading on Friday, hitting $34.64. 182,625 shares of the company were exchanged, compared to its average volume of 584,583. The firm’s fifty day moving average price is $33.43 and its 200 day moving average price is $32.36. The firm has a market capitalization of $1.03 billion, a P/E ratio of 15.48 and a beta of 0.75. Franklin FTSE United Kingdom ETF has a 1-year low of $25.10 and a 1-year high of $34.74.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC bought a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $19,153,000. Swmg LLC grew its holdings in shares of Franklin FTSE United Kingdom ETF by 35.3% during the second quarter. Swmg LLC now owns 9,954 shares of the company’s stock worth $307,000 after purchasing an additional 2,598 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 13.3% in the second quarter. Wealthfront Advisers LLC now owns 11,345 shares of the company’s stock valued at $347,000 after buying an additional 1,332 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Franklin FTSE United Kingdom ETF by 3.0% in the second quarter. Envestnet Asset Management Inc. now owns 264,561 shares of the company’s stock valued at $8,103,000 after buying an additional 7,735 shares during the period. Finally, Assetmark Inc. raised its holdings in Franklin FTSE United Kingdom ETF by 197.1% in the 2nd quarter. Assetmark Inc. now owns 296,611 shares of the company’s stock valued at $9,085,000 after buying an additional 196,762 shares during the last quarter.

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.