Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Increase in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 10,400 shares, a growth of 181.1% from the August 15th total of 3,700 shares. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLGB. Northwestern Mutual Wealth Management Co. lifted its holdings in Franklin FTSE United Kingdom ETF by 86,600.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 867 shares of the company’s stock valued at $25,000 after buying an additional 866 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $25,000. AlphaCore Capital LLC bought a new stake in Franklin FTSE United Kingdom ETF during the 1st quarter valued at about $33,000. Bell Investment Advisors Inc lifted its holdings in Franklin FTSE United Kingdom ETF by 13.3% during the 1st quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock valued at $131,000 after buying an additional 536 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Franklin FTSE United Kingdom ETF during the 2nd quarter valued at about $144,000.

Franklin FTSE United Kingdom ETF Price Performance

Shares of FLGB opened at $32.14 on Monday. Franklin FTSE United Kingdom ETF has a 1-year low of $25.10 and a 1-year high of $32.41. The company has a 50-day moving average of $31.37 and a 200 day moving average of $30.05. The firm has a market capitalization of $811.54 million, a price-to-earnings ratio of 15.48 and a beta of 0.87.

Franklin FTSE United Kingdom ETF Company Profile

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.