Short Interest in Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Decreases By 67.2%

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 19,532 shares, a decrease of 67.2% from the June 15th total of 59,610 shares. Based on an average trading volume of 63,835 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Franklin FTSE United Kingdom ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FLGB. Bank of America Corp DE raised its stake in Franklin FTSE United Kingdom ETF by 4.3% in the third quarter. Bank of America Corp DE now owns 10,517,848 shares of the company’s stock valued at $339,832,000 after buying an additional 435,145 shares during the period. Franklin Resources Inc. increased its holdings in shares of Franklin FTSE United Kingdom ETF by 625,000.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,200,192 shares of the company’s stock worth $38,778,000 after acquiring an additional 1,200,000 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Franklin FTSE United Kingdom ETF by 2.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 800,187 shares of the company’s stock worth $27,815,000 after acquiring an additional 19,845 shares during the last quarter. LPL Financial LLC raised its stake in Franklin FTSE United Kingdom ETF by 1.7% in the 4th quarter. LPL Financial LLC now owns 392,481 shares of the company’s stock valued at $13,246,000 after acquiring an additional 6,726 shares during the period. Finally, UBS Group AG lifted its holdings in Franklin FTSE United Kingdom ETF by 2.3% during the 3rd quarter. UBS Group AG now owns 340,322 shares of the company’s stock valued at $10,996,000 after purchasing an additional 7,758 shares during the last quarter.

Franklin FTSE United Kingdom ETF Price Performance

Shares of FLGB stock opened at $35.78 on Monday. The company has a fifty day moving average price of $35.67 and a two-hundred day moving average price of $35.41. Franklin FTSE United Kingdom ETF has a one year low of $30.41 and a one year high of $37.37. The stock has a market cap of $869.45 million, a P/E ratio of 15.48 and a beta of 0.64.

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.