Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Large Drop in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 25,505 shares, a decline of 32.4% from the December 31st total of 37,731 shares. Based on an average daily volume of 10,173 shares, the short-interest ratio is currently 2.5 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 10,173 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLEE. Raymond James Financial Inc. acquired a new position in shares of Franklin FTSE Europe ETF in the second quarter valued at approximately $140,000. Vident Advisory LLC acquired a new position in Franklin FTSE Europe ETF during the 2nd quarter worth approximately $231,000. Kestra Private Wealth Services LLC raised its holdings in Franklin FTSE Europe ETF by 8.7% during the third 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 last quarter. Susquehanna International Group LLP bought a new position in shares of Franklin FTSE Europe ETF in the third quarter valued at approximately $589,000. Finally, Bank of America Corp DE lifted its position in shares of Franklin FTSE Europe ETF by 18.8% during the third quarter. Bank of America Corp DE now owns 30,949 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,905 shares in the last quarter.

Franklin FTSE Europe ETF Stock Performance

NYSEARCA FLEE traded down $0.30 on Friday, reaching $38.33. The company had a trading volume of 185,166 shares, compared to its average volume of 32,233. The firm has a market capitalization of $122.66 million, a price-to-earnings ratio of 16.76 and a beta of 0.90. The company’s fifty day moving average is $36.84 and its 200-day moving average is $35.35. Franklin FTSE Europe ETF has a 1-year low of $27.41 and a 1-year high of $38.92.

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.