Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Down 90.0% in July

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,200 shares, a drop of 90.0% from the June 30th total of 21,983 shares. Based on an average daily volume of 6,692 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Franklin FTSE Eurozone ETF Trading Up 0.5%

Shares of FLEU traded up $0.17 during midday trading on Friday, reaching $35.07. The stock had a trading volume of 2,415 shares, compared to its average volume of 10,509. The company’s 50-day moving average is $35.46 and its 200 day moving average is $34.55. Franklin FTSE Eurozone ETF has a 12-month low of $29.58 and a 12-month high of $37.17. The company has a market capitalization of $70.14 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

Institutional Trading of Franklin FTSE Eurozone ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FLEU. Royal Bank of Canada grew its position in Franklin FTSE Eurozone ETF by 8.0% during the first 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 during the last quarter. Madison Asset Management LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 1st quarter worth approximately $371,000. Sigma Planning Corp purchased a new stake in shares of Franklin FTSE Eurozone ETF in the 1st quarter valued at $226,000. MML Investors Services LLC purchased a new stake in shares of Franklin FTSE Eurozone ETF in the 4th quarter valued at $227,000. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Franklin FTSE Eurozone ETF by 20.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after purchasing an additional 2,944 shares in the last quarter.

Franklin FTSE Eurozone ETF Company Profile

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.