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

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,586 shares, an increase of 301.5% from the June 30th total of 395 shares. Based on an average trading volume of 5,450 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Franklin FTSE Europe ETF Price Performance

Shares of Franklin FTSE Europe ETF stock traded up $0.30 during trading on Friday, hitting $38.59. The stock had a trading volume of 1,655 shares, compared to its average volume of 16,507. Franklin FTSE Europe ETF has a 12 month low of $32.55 and a 12 month high of $39.86. The firm’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $38.19. The stock has a market cap of $115.77 million, a PE ratio of 16.76 and a beta of 0.82.

Institutional Trading of Franklin FTSE Europe ETF

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Franklin FTSE Europe ETF in the second quarter worth about $140,000. Vident Advisory LLC bought a new position in shares of Franklin FTSE Europe ETF during the second quarter valued at approximately $231,000. Kestra Private Wealth Services LLC grew its stake in shares of 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 valued at $250,000 after buying an additional 576 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Franklin FTSE Europe ETF in the third quarter worth approximately $589,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Franklin FTSE Europe ETF in the first quarter worth approximately $691,000.

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.