Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Significant Decrease in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 703 shares, a drop of 88.1% from the April 15th total of 5,911 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,601 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Franklin FTSE Germany ETF

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its holdings in Franklin FTSE Germany ETF by 10.0% during the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock worth $483,000 after buying an additional 1,313 shares during the period. JPMorgan Chase & Co. acquired a new position in Franklin FTSE Germany ETF during the second quarter valued at $793,000. Bank of America Corp DE raised its position in Franklin FTSE Germany ETF by 8.1% during the third quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after buying an additional 3,370 shares during the period. Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Germany ETF in the 3rd quarter worth about $2,022,000. Finally, Marotta Asset Management lifted its stake in Franklin FTSE Germany ETF by 4.2% in the 1st quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock worth $7,216,000 after acquiring an additional 9,227 shares in the last quarter.

Franklin FTSE Germany ETF Stock Down 1.3%

FLGR traded down $0.42 during trading on Tuesday, reaching $32.96. The stock had a trading volume of 2,965 shares, compared to its average volume of 11,235. Franklin FTSE Germany ETF has a 1-year low of $29.96 and a 1-year high of $35.18. The stock has a 50 day moving average of $32.45 and a two-hundred day moving average of $33.07. The firm has a market capitalization of $42.85 million, a price-to-earnings ratio of 17.93 and a beta of 0.95.

About Franklin FTSE Germany ETF

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.