Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Large Increase in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 39,815 shares, an increase of 72.7% from the April 30th total of 23,049 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 284,422 shares, the short-interest ratio is presently 0.1 days.

Franklin FTSE United Kingdom ETF Stock Up 0.7%

FLGB opened at $35.86 on Wednesday. The firm has a market capitalization of $849.88 million, a P/E ratio of 15.48 and a beta of 0.65. The firm’s 50 day moving average is $35.58 and its 200-day moving average is $34.88. Franklin FTSE United Kingdom ETF has a 52-week low of $29.76 and a 52-week high of $37.37.

Institutional Trading of Franklin FTSE United Kingdom ETF

A number of hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP raised its stake in shares of Franklin FTSE United Kingdom ETF by 29.8% during the first quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after purchasing an additional 14,704 shares during the period. Morningstar Investment Management LLC purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the first quarter valued at approximately $7,507,000. Dynamic Wealth Strategies LLC raised its stake in shares of Franklin FTSE United Kingdom ETF by 8.9% during the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after purchasing an additional 1,008 shares during the period. Assetmark Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.2% during the first quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock valued at $10,178,000 after purchasing an additional 6,176 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 10.7% in the first quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock worth $439,000 after buying an additional 1,220 shares during the last quarter.

Franklin FTSE United Kingdom ETF Company Profile

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.