Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Update

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 181,280 shares, a growth of 238.3% from the July 15th total of 53,588 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 65,890 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLGB. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE United Kingdom ETF by 79.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock valued at $48,000 after acquiring an additional 686 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Franklin FTSE United Kingdom ETF in the third quarter valued at about $110,000. Bayban acquired a new position in shares of Franklin FTSE United Kingdom ETF in the fourth quarter valued at about $150,000. Finally, Raymond James Financial Inc. bought a new position in Franklin FTSE United Kingdom ETF during the second quarter worth about $144,000.

Franklin FTSE United Kingdom ETF Trading Down 0.0%

Shares of NYSEARCA FLGB opened at $37.14 on Friday. The firm has a market cap of $895.07 million, a P/E ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a 1-year low of $31.22 and a 1-year high of $37.61. The business’s 50 day moving average is $36.13 and its 200-day moving average is $35.83.

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.