Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Update

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 61,568 shares, a growth of 12,594.4% from the April 30th total of 485 shares. Based on an average daily volume of 4,343 shares, the short-interest ratio is currently 14.2 days. Approximately 2.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its stake in Franklin FTSE Europe ETF by 4.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,498 shares of the company’s stock worth $274,000 after acquiring an additional 288 shares during the period. Treasure Coast Financial Planning raised its stake in Franklin FTSE Europe ETF by 0.5% during the 4th quarter. Treasure Coast Financial Planning now owns 252,053 shares of the company’s stock worth $9,210,000 after acquiring an additional 1,295 shares during the period. LPL Financial LLC raised its stake in Franklin FTSE Europe ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 24,818 shares of the company’s stock worth $907,000 after acquiring an additional 1,952 shares during the period. Raymond James Financial Inc. bought a new stake in Franklin FTSE Europe ETF during the 2nd quarter worth approximately $140,000. Finally, Bank of America Corp DE raised its stake in Franklin FTSE Europe ETF by 18.8% during the 3rd quarter. Bank of America Corp DE now owns 30,949 shares of the company’s stock worth $1,074,000 after acquiring an additional 4,905 shares during the period.

Franklin FTSE Europe ETF Price Performance

Shares of NYSEARCA:FLEE traded down $0.06 during trading on Wednesday, hitting $39.26. The company’s stock had a trading volume of 2,877 shares, compared to its average volume of 16,305. The company has a 50-day moving average of $37.65 and a 200-day moving average of $37.32. Franklin FTSE Europe ETF has a 12 month low of $32.42 and a 12 month high of $39.86. The firm has a market cap of $117.78 million, a price-to-earnings ratio of 16.76 and a beta of 0.83.

Franklin FTSE Europe ETF Company Profile

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.