Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Up 174.4% in July

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 53,588 shares, an increase of 174.4% from the June 30th total of 19,532 shares. Based on an average daily trading volume, of 59,938 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Franklin FTSE United Kingdom ETF during the second quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Franklin FTSE United Kingdom ETF during the 4th quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. raised its stake in Franklin FTSE United Kingdom ETF by 79.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 686 shares during the period. Triumph Capital Management bought a new position in Franklin FTSE United Kingdom ETF in the third quarter worth approximately $110,000. Finally, Bayban bought a new position in Franklin FTSE United Kingdom ETF in the fourth quarter worth approximately $150,000.

Franklin FTSE United Kingdom ETF Stock Performance

Shares of FLGB stock traded up $0.13 during trading hours on Monday, hitting $36.42. 39,992 shares of the company were exchanged, compared to its average volume of 167,614. The firm has a market cap of $890.47 million, a P/E ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a fifty-two week low of $30.44 and a fifty-two week high of $37.37. The company has a 50 day simple moving average of $35.74 and a two-hundred day simple moving average of $35.57.

About Franklin FTSE United Kingdom ETF

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.