Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Down 45.2% in August

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,115 shares, a decrease of 45.2% from the August 15th total of 2,033 shares. Based on an average daily trading volume, of 2,801 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in Franklin FTSE Eurozone ETF in the second quarter worth approximately $34,000. Hedeker Wealth LLC grew its position in shares of Franklin FTSE Eurozone ETF by 53.4% during the 2nd quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock worth $2,251,000 after buying an additional 21,881 shares during the period. Royal Bank of Canada increased its stake in shares of Franklin FTSE Eurozone ETF by 8.0% in the 1st quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock valued at $1,217,000 after acquiring an additional 2,797 shares in the last quarter. Madison Asset Management LLC acquired a new position in shares of Franklin FTSE Eurozone ETF during the 1st quarter valued at $371,000. Finally, Sigma Planning Corp bought a new position in Franklin FTSE Eurozone ETF during the first quarter worth $226,000.

Franklin FTSE Eurozone ETF Price Performance

NYSEARCA FLEU traded down $0.21 during mid-day trading on Tuesday, reaching $35.44. 2,291 shares of the stock were exchanged, compared to its average volume of 9,329. The stock has a market cap of $70.88 million, a P/E ratio of 16.43 and a beta of 0.69. Franklin FTSE Eurozone ETF has a one year low of $30.96 and a one year high of $37.45. The stock has a 50 day simple moving average of $36.13 and a 200-day simple moving average of $35.01.

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.