Franklin FTSE Europe ETF (NYSEARCA:FLEE) Stock Short Interest Drops 48.9%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,234 shares, a drop of 48.9% from the August 31st total of 2,414 shares. Based on an average daily volume of 9,311 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Franklin FTSE Europe ETF Stock Down 1.7%

NYSEARCA FLEE traded down $0.64 on Thursday, reaching $37.27. The company had a trading volume of 1,558 shares, compared to its average volume of 15,548. The stock’s 50 day moving average is $39.42 and its 200-day moving average is $38.61. The stock has a market cap of $104.36 million, a price-to-earnings ratio of 16.76 and a beta of 0.82. Franklin FTSE Europe ETF has a 52 week low of $34.16 and a 52 week high of $40.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Franklin FTSE Europe ETF by 16.9% during the second quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock worth $313,000 after buying an additional 1,164 shares during the period. Fifth Third Bancorp bought a new stake in Franklin FTSE Europe ETF during the 1st quarter worth about $691,000. EverSource Wealth Advisors LLC lifted its position in Franklin FTSE Europe ETF by 71.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock worth $2,114,000 after buying an additional 24,309 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Franklin FTSE Europe ETF by 105.9% during the 2nd quarter. Tidal Investments LLC now owns 304,130 shares of the company’s stock worth $11,815,000 after buying an additional 156,449 shares during the last quarter.

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.