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

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 21,983 shares, a growth of 1,671.4% from the June 15th total of 1,241 shares. Based on an average daily volume of 12,739 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Franklin FTSE Eurozone ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Bay Advisors LLC acquired a new position in shares of Franklin FTSE Eurozone ETF in the 4th quarter valued at $26,000. Jane Street Group LLC boosted its position in shares of Franklin FTSE Eurozone ETF by 17.4% during the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after acquiring an additional 1,963 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Franklin FTSE Eurozone ETF during the 3rd quarter valued at about $81,000. Royal Bank of Canada increased its stake in Franklin FTSE Eurozone ETF by 8.6% in the fourth quarter. Royal Bank of Canada now owns 34,836 shares of the company’s stock valued at $1,158,000 after acquiring an additional 2,755 shares during the period. Finally, Cornerstone Wealth Management LLC increased its stake in Franklin FTSE Eurozone ETF by 20.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after acquiring an additional 2,944 shares during the period.

Franklin FTSE Eurozone ETF Price Performance

Shares of NYSEARCA FLEU traded up $0.02 during trading hours on Friday, reaching $35.38. The stock had a trading volume of 3,167 shares, compared to its average volume of 11,038. The business’s fifty day moving average is $35.39 and its two-hundred day moving average is $34.42. The company has a market cap of $70.76 million, a price-to-earnings ratio of 16.43 and a beta of 0.69. Franklin FTSE Eurozone ETF has a twelve month low of $29.58 and a twelve month high of $37.17.

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.