Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Growth in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 180,083 shares, a growth of 982.4% from the August 15th total of 16,638 shares. Based on an average daily volume of 142,684 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the shares of the stock are short sold.

Franklin FTSE United Kingdom ETF Trading Up 0.9%

FLGB stock traded up $0.32 on Friday, hitting $36.90. 29,090 shares of the company’s stock traded hands, compared to its average volume of 170,867. The stock has a market cap of $889.29 million, a price-to-earnings ratio of 15.48 and a beta of 0.63. Franklin FTSE United Kingdom ETF has a 1-year low of $31.45 and a 1-year high of $38.03. The stock has a fifty day moving average of $36.84 and a 200-day moving average of $36.03.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its position in shares of Franklin FTSE United Kingdom ETF by 51.0% during the second quarter. Citadel Advisors LLC now owns 52,030 shares of the company’s stock worth $1,836,000 after purchasing an additional 17,564 shares during the period. Quantinno Capital Management LP increased its stake in Franklin FTSE United Kingdom ETF by 29.8% in the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock worth $2,224,000 after purchasing an additional 14,704 shares in the last quarter. Morningstar Investment Management LLC purchased a new position in Franklin FTSE United Kingdom ETF in the 1st quarter worth about $7,507,000. Dynamic Wealth Strategies LLC raised its holdings in Franklin FTSE United Kingdom ETF by 8.9% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock worth $430,000 after buying an additional 1,008 shares during the period. Finally, Assetmark Inc. raised its holdings in Franklin FTSE United Kingdom ETF by 2.2% during the 1st quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock worth $10,178,000 after buying an additional 6,176 shares during the period.

About Franklin FTSE United Kingdom ETF

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.