Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Update

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 61,568 shares, an increase of 12,594.4% from the April 30th total of 485 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 4,343 shares, the days-to-cover ratio is presently 14.2 days.

Franklin FTSE Europe ETF Stock Down 0.2%

Shares of NYSEARCA FLEE traded down $0.06 during trading on Wednesday, reaching $39.26. 2,877 shares of the company traded hands, compared to its average volume of 16,305. The firm has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $37.32. The stock has a market capitalization of $117.78 million, a PE ratio of 16.76 and a beta of 0.83. Franklin FTSE Europe ETF has a 52-week low of $32.42 and a 52-week high of $39.86.

Hedge Funds Weigh In On Franklin FTSE Europe ETF

Several institutional investors have recently made changes to their positions in FLEE. EP Wealth Advisors LLC bought a new position in shares of Franklin FTSE Europe ETF in the 4th quarter worth approximately $24,010,000. Tidal Investments LLC lifted its stake in shares of Franklin FTSE Europe ETF by 298.5% in the 2nd quarter. Tidal Investments LLC now owns 259,038 shares of the company’s stock worth $8,675,000 after purchasing an additional 194,028 shares during the period. Flow Traders U.S. LLC lifted its stake in shares of Franklin FTSE Europe ETF by 129.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 187,317 shares of the company’s stock worth $6,500,000 after purchasing an additional 105,741 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Franklin FTSE Europe ETF by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock worth $2,114,000 after purchasing an additional 24,309 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Franklin FTSE Europe ETF in the 1st quarter worth approximately $691,000.

Franklin FTSE Europe ETF Company Profile

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.