Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Expands By 348.1%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,003 shares, a growth of 348.1% from the June 30th total of 447 shares. Based on an average daily volume of 3,423 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Several large investors have recently made changes to their positions in FLGR. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Germany ETF by 29.8% during the first quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after acquiring an additional 14,660 shares during the period. Marotta Asset Management lifted its position in Franklin FTSE Germany ETF by 4.2% in the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock valued at $7,216,000 after acquiring an additional 9,227 shares in the last quarter. Jane Street Group LLC boosted its stake in Franklin FTSE Germany ETF by 10.0% in 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 during the period. Flow Traders U.S. LLC acquired a new position in Franklin FTSE Germany ETF in the 3rd quarter worth $2,022,000. Finally, JPMorgan Chase & Co. acquired a new position in Franklin FTSE Germany ETF in the 2nd quarter worth $793,000.

Franklin FTSE Germany ETF Stock Performance

NYSEARCA FLGR opened at $32.13 on Friday. The stock has a market cap of $36.95 million, a price-to-earnings ratio of 17.93 and a beta of 0.96. The business has a 50 day simple moving average of $33.03 and a 200 day simple moving average of $33.22. Franklin FTSE Germany ETF has a 52-week low of $29.96 and a 52-week high of $35.18.

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.