Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Up 348.1% in July

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,003 shares, an increase of 348.1% from the June 30th total of 447 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,423 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

A number of institutional investors have recently made changes to their positions in FLGR. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Germany ETF by 29.8% in the 1st quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock worth $1,997,000 after acquiring an additional 14,660 shares during the last quarter. Jane Street Group LLC increased its holdings in Franklin FTSE Germany ETF by 10.0% in the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after purchasing an additional 1,313 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Franklin FTSE Germany ETF in the 2nd quarter valued at approximately $793,000. Marotta Asset Management raised its position in Franklin FTSE Germany ETF by 4.2% in the first quarter. Marotta Asset Management now owns 227,190 shares of the company’s stock valued at $7,216,000 after purchasing an additional 9,227 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Germany ETF in the third quarter valued at approximately $2,022,000.

Franklin FTSE Germany ETF Trading Up 1.6%

Shares of NYSEARCA:FLGR opened at $32.63 on Tuesday. The business has a 50-day moving average price of $33.01 and a 200 day moving average price of $33.20. The company has a market capitalization of $37.52 million, a price-to-earnings ratio of 17.93 and a beta of 0.96. Franklin FTSE Germany ETF has a 12-month low of $29.96 and a 12-month 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.