Short Interest in Franklin FTSE Europe ETF (NYSEARCA:FLEE) Declines By 51.3%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 973 shares, a decline of 51.3% from the July 30th total of 1,998 shares. Based on an average daily trading volume, of 2,706 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Franklin FTSE Europe ETF Trading Down 0.3%

NYSEARCA:FLEE traded down $0.12 on Monday, hitting $39.90. The company had a trading volume of 12,634 shares, compared to its average volume of 15,741. Franklin FTSE Europe ETF has a 52 week low of $33.58 and a 52 week high of $40.53. The stock has a market capitalization of $119.70 million, a price-to-earnings ratio of 16.76 and a beta of 0.82. The firm has a 50 day moving average of $39.29 and a two-hundred day moving average of $38.52.

Hedge Funds Weigh In On Franklin FTSE Europe ETF

Several large investors have recently bought and sold shares of FLEE. Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE Europe ETF during the second quarter worth about $140,000. Vident Advisory LLC bought a new position in Franklin FTSE Europe ETF in the 2nd quarter valued at approximately $231,000. Kestra Private Wealth Services LLC boosted its position in Franklin FTSE Europe ETF by 8.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock worth $250,000 after buying an additional 576 shares during the period. Susquehanna International Group LLP bought a new stake in Franklin FTSE Europe ETF during the 3rd quarter worth approximately $589,000. Finally, Fifth Third Bancorp acquired a new position in Franklin FTSE Europe ETF in the 1st quarter valued at approximately $691,000.

About Franklin FTSE Europe ETF

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.