Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Significant Decrease in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,234 shares, a drop of 48.9% from the August 31st total of 2,414 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 9,311 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Franklin FTSE Europe ETF

Several institutional investors and hedge funds have recently bought and sold shares of FLEE. Tidal Investments LLC boosted its stake in shares of Franklin FTSE Europe ETF by 105.9% during the 2nd quarter. Tidal Investments LLC now owns 304,130 shares of the company’s stock worth $11,815,000 after acquiring an additional 156,449 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Franklin FTSE Europe ETF by 16.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock valued at $313,000 after purchasing an additional 1,164 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Franklin FTSE Europe ETF by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock worth $2,114,000 after purchasing an additional 24,309 shares during the period. Finally, Fifth Third Bancorp bought a new position in Franklin FTSE Europe ETF during the first quarter worth $691,000.

Franklin FTSE Europe ETF Price Performance

Franklin FTSE Europe ETF stock opened at $38.48 on Tuesday. The firm has a market capitalization of $107.74 million, a PE ratio of 16.76 and a beta of 0.82. The company’s 50-day moving average is $39.45 and its 200-day moving average is $38.59. Franklin FTSE Europe ETF has a fifty-two week low of $34.16 and a fifty-two week high of $40.53.

Franklin FTSE Europe ETF Company Profile

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.