Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Up 387.4% in April

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,940 shares, an increase of 387.4% from the March 31st total of 398 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,382 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC purchased a new position in Franklin FTSE Eurozone ETF during the 4th quarter valued at $26,000. Jane Street Group LLC grew its position in shares of Franklin FTSE Eurozone ETF by 17.4% in the 2nd 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 during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Franklin FTSE Eurozone ETF in the 3rd quarter worth about $81,000. Royal Bank of Canada grew its position in shares of Franklin FTSE Eurozone ETF by 8.6% in the 4th quarter. Royal Bank of Canada now owns 34,836 shares of the company’s stock worth $1,158,000 after buying an additional 2,755 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of Franklin FTSE Eurozone ETF by 20.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock worth $575,000 after buying an additional 2,944 shares during the period.

Franklin FTSE Eurozone ETF Stock Performance

Shares of Franklin FTSE Eurozone ETF stock opened at $34.38 on Monday. The company’s fifty day simple moving average is $33.66 and its two-hundred day simple moving average is $33.34. The company has a market cap of $68.76 million, a P/E ratio of 16.43 and a beta of 0.70. Franklin FTSE Eurozone ETF has a 12-month low of $28.47 and a 12-month high of $35.96.

Franklin FTSE Eurozone ETF Company Profile

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.