Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Expands By 324.7%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,839 shares, an increase of 324.7% from the May 14th total of 433 shares. Based on an average daily trading volume, of 12,078 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Franklin FTSE Germany ETF

A number of large investors have recently added to or reduced their stakes in FLGR. Flow Traders U.S. LLC bought a new position in Franklin FTSE Germany ETF during the 3rd quarter worth about $2,022,000. JPMorgan Chase & Co. bought a new position in Franklin FTSE Germany ETF during the 2nd quarter worth about $793,000. Marotta Asset Management increased its holdings in Franklin FTSE Germany ETF by 8.9% during the 4th quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock worth $7,309,000 after purchasing an additional 17,798 shares in the last quarter. Bank of America Corp DE increased its holdings in Franklin FTSE Germany ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after purchasing an additional 14,660 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Franklin FTSE Germany ETF by 10.0% during the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock worth $483,000 after purchasing an additional 1,313 shares in the last quarter.

Franklin FTSE Germany ETF Stock Up 0.0%

FLGR opened at $33.37 on Friday. Franklin FTSE Germany ETF has a 12 month low of $29.96 and a 12 month high of $35.18. The company has a fifty day simple moving average of $33.31 and a 200 day simple moving average of $33.30. The stock has a market cap of $43.38 million, a P/E ratio of 17.93 and a beta of 0.95.

Franklin FTSE Germany ETF Company Profile

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.