Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Short Interest Update

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 16,638 shares, a drop of 90.8% from the July 30th total of 181,280 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 297,829 shares, the days-to-cover ratio is currently 0.1 days.

Franklin FTSE United Kingdom ETF Price Performance

Franklin FTSE United Kingdom ETF stock traded up $0.25 during midday trading on Tuesday, hitting $38.01. 103,863 shares of the company were exchanged, compared to its average volume of 176,544. The company has a market cap of $916.04 million, a PE ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a fifty-two week low of $31.22 and a fifty-two week high of $38.03. The company’s fifty day moving average price is $36.39 and its 200-day moving average price is $35.93.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Swmg LLC lifted its holdings in Franklin FTSE United Kingdom ETF by 3.2% in the 4th quarter. Swmg LLC now owns 11,462 shares of the company’s stock worth $411,000 after buying an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Franklin FTSE United Kingdom ETF by 31.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock valued at $74,000 after acquiring an additional 523 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Franklin FTSE United Kingdom ETF by 10.0% during the first quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock valued at $234,000 after acquiring an additional 611 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Franklin FTSE United Kingdom ETF during the second quarter worth about $25,000. Finally, Dynamic Wealth Strategies LLC lifted its stake in shares of Franklin FTSE United Kingdom ETF by 8.9% in the first quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock worth $430,000 after acquiring an additional 1,008 shares in the last quarter.

About Franklin FTSE United Kingdom ETF

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.