Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Up 1,671.4% in June

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 21,983 shares, an increase of 1,671.4% from the June 15th total of 1,241 shares. Based on an average daily volume of 12,739 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Trading of Franklin FTSE Eurozone ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC purchased a new position in Franklin FTSE Eurozone ETF during the 4th quarter valued at about $26,000. Jane Street Group LLC lifted its holdings in shares of Franklin FTSE Eurozone ETF by 17.4% in the second quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock worth $409,000 after buying an additional 1,963 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Franklin FTSE Eurozone ETF in the third quarter valued at approximately $81,000. Royal Bank of Canada boosted its position in shares of Franklin FTSE Eurozone ETF by 8.6% in the fourth quarter. Royal Bank of Canada now owns 34,836 shares of the company’s stock valued at $1,158,000 after acquiring an additional 2,755 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in Franklin FTSE Eurozone ETF by 20.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after acquiring an additional 2,944 shares in the last quarter.

Franklin FTSE Eurozone ETF Stock Performance

FLEU traded up $0.02 during midday trading on Friday, reaching $35.38. The company had a trading volume of 3,167 shares, compared to its average volume of 11,038. The stock has a market cap of $70.76 million, a PE ratio of 16.43 and a beta of 0.69. Franklin FTSE Eurozone ETF has a 12-month low of $29.58 and a 12-month high of $37.17. The business has a 50-day moving average price of $35.39 and a two-hundred day moving average price of $34.42.

About Franklin FTSE Eurozone ETF

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.