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

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 57,051 shares, a drop of 68.3% from the August 31st total of 180,083 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 117,515 shares, the days-to-cover ratio is currently 0.5 days.

Franklin FTSE United Kingdom ETF Price Performance

Shares of NYSEARCA:FLGB traded up $0.09 during trading hours on Friday, hitting $36.31. The company’s stock had a trading volume of 25,515 shares, compared to its average volume of 163,870. The firm’s fifty day moving average price is $36.97 and its 200 day moving average price is $36.05. Franklin FTSE United Kingdom ETF has a 52 week low of $31.71 and a 52 week high of $38.03. The company has a market capitalization of $865.99 million, a price-to-earnings ratio of 15.48 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLGB. GHP Investment Advisors Inc. grew its holdings in shares of Franklin FTSE United Kingdom ETF by 2.5% during the first quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock valued at $27,815,000 after buying an additional 19,845 shares during the last quarter. Assetmark Inc. increased its position in shares of Franklin FTSE United Kingdom ETF by 2.2% in the 1st quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock valued at $10,178,000 after acquiring an additional 6,176 shares during the period. Morningstar Investment Management LLC purchased a new position in Franklin FTSE United Kingdom ETF in the 1st quarter worth $7,507,000. Purpose Unlimited Inc. purchased a new position in Franklin FTSE United Kingdom ETF in the 4th quarter worth $4,631,000. Finally, Innealta Capital LLC lifted its position in Franklin FTSE United Kingdom ETF by 11.0% during the 1st quarter. Innealta Capital LLC now owns 101,402 shares of the company’s stock worth $3,525,000 after acquiring an additional 10,087 shares during the period.

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.