Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Significant Growth in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 4,269 shares, an increase of 38.3% from the December 15th total of 3,087 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,894 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 8,894 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Franklin FTSE Eurozone ETF Stock Up 0.2%

Shares of NYSEARCA FLEU opened at $34.19 on Monday. The stock’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $32.04. The stock has a market capitalization of $61.54 million, a price-to-earnings ratio of 16.43 and a beta of 0.75. Franklin FTSE Eurozone ETF has a 52-week low of $23.50 and a 52-week high of $34.49.

Institutional Trading of Franklin FTSE Eurozone ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new stake in Franklin FTSE Eurozone ETF during the third quarter valued at about $81,000. Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE Eurozone ETF in the 3rd quarter valued at approximately $2,576,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Franklin FTSE Eurozone ETF in the 3rd quarter valued at approximately $461,000. Hedeker Wealth LLC boosted its stake in Franklin FTSE Eurozone ETF by 238.8% in the 3rd quarter. Hedeker Wealth LLC now owns 22,752 shares of the company’s stock worth $730,000 after purchasing an additional 16,037 shares during the period. Finally, Osaic Holdings Inc. grew its position in Franklin FTSE Eurozone ETF by 133.9% during the 2nd quarter. Osaic Holdings Inc. now owns 32,500 shares of the company’s stock worth $1,005,000 after purchasing an additional 18,607 shares in the last quarter.

About Franklin FTSE Eurozone ETF

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.