Short Interest in Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Drops By 90.0%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,200 shares, a drop of 90.0% from the June 30th total of 21,983 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,692 shares, the short-interest ratio is currently 0.3 days.

Franklin FTSE Eurozone ETF Stock Performance

Shares of FLEU stock traded up $0.17 during midday trading on Friday, reaching $35.07. 2,415 shares of the company were exchanged, compared to its average volume of 10,509. Franklin FTSE Eurozone ETF has a 12 month low of $29.58 and a 12 month high of $37.17. The company has a market cap of $70.14 million, a P/E ratio of 16.43 and a beta of 0.69. The company’s 50 day moving average price is $35.48 and its two-hundred day moving average price is $34.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new stake in Franklin FTSE Eurozone ETF during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in Franklin FTSE Eurozone ETF during the 3rd quarter valued at $81,000. Sigma Planning Corp acquired a new position in shares of Franklin FTSE Eurozone ETF during the 1st quarter valued at $226,000. MML Investors Services LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 4th quarter worth $227,000. Finally, Madison Asset Management LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 1st quarter worth $371,000.

Franklin FTSE Eurozone ETF Company Profile

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.