Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Increase in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 39,815 shares, a growth of 72.7% from the April 30th total of 23,049 shares. Based on an average daily volume of 284,422 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Franklin FTSE United Kingdom ETF Price Performance

Franklin FTSE United Kingdom ETF stock opened at $35.86 on Wednesday. Franklin FTSE United Kingdom ETF has a 12-month low of $29.76 and a 12-month high of $37.37. The stock has a market capitalization of $849.88 million, a P/E ratio of 15.48 and a beta of 0.65. The firm’s 50-day moving average is $35.58 and its two-hundred day moving average is $34.88.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the fourth quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after acquiring an additional 686 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the third quarter worth approximately $110,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF in the second quarter worth approximately $144,000.

Franklin FTSE United Kingdom ETF Company Profile

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.