Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Significant Growth 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 trading volume of 284,422 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in Franklin FTSE United Kingdom ETF by 625,000.0% in the third quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock worth $38,778,000 after purchasing an additional 1,200,000 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Franklin FTSE United Kingdom ETF by 4.3% during the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after acquiring an additional 435,145 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Franklin FTSE United Kingdom ETF by 19,257.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 320,370 shares of the company’s stock valued at $10,980,000 after acquiring an additional 318,715 shares during the last quarter. Morningstar Investment Management LLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the first quarter valued at about $7,507,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Franklin FTSE United Kingdom ETF during the fourth quarter valued at about $6,204,000.

Franklin FTSE United Kingdom ETF Stock Performance

NYSEARCA FLGB opened at $35.42 on Thursday. Franklin FTSE United Kingdom ETF has a 52-week low of $29.76 and a 52-week high of $37.37. The company has a market capitalization of $839.45 million, a P/E ratio of 15.48 and a beta of 0.65. The company has a fifty day moving average of $35.66 and a 200-day moving average of $34.91.

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.