Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Significant Decline in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 433 shares, a drop of 38.4% from the April 30th total of 703 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,225 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Franklin FTSE Germany ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marotta Asset Management grew its position in Franklin FTSE Germany ETF by 8.9% during the fourth quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock valued at $7,309,000 after buying an additional 17,798 shares during the period. JPMorgan Chase & Co. acquired a new stake in Franklin FTSE Germany ETF during the second quarter valued at $793,000. Flow Traders U.S. LLC acquired a new stake in Franklin FTSE Germany ETF during the third quarter valued at $2,022,000. Bank of America Corp DE grew its position in Franklin FTSE Germany ETF by 8.1% during the third quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after buying an additional 3,370 shares during the period. Finally, Jane Street Group LLC grew its position in Franklin FTSE Germany ETF by 10.0% during the fourth quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after buying an additional 1,313 shares during the period.

Franklin FTSE Germany ETF Stock Performance

FLGR stock opened at $34.33 on Wednesday. The firm has a market cap of $44.63 million, a PE ratio of 17.93 and a beta of 0.95. The firm’s fifty day moving average is $32.83 and its 200 day moving average is $33.21. Franklin FTSE Germany ETF has a one year low of $29.96 and a one year high of $35.18.

About Franklin FTSE Germany ETF

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.