Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Update

Franklin FTSE Europe ETF (NYSEARCA:FLEE) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,586 shares, a growth of 301.5% from the June 30th total of 395 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 5,450 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLEE. Raymond James Financial Inc. purchased a new stake in Franklin FTSE Europe ETF in the second quarter valued at $140,000. Vident Advisory LLC acquired a new position in shares of Franklin FTSE Europe ETF in the 2nd quarter valued at $231,000. Kestra Private Wealth Services LLC grew its holdings in shares of Franklin FTSE Europe ETF by 8.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,210 shares of the company’s stock worth $250,000 after purchasing an additional 576 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Franklin FTSE Europe ETF during the 3rd quarter worth $589,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Franklin FTSE Europe ETF during the 1st quarter worth about $691,000.

Franklin FTSE Europe ETF Price Performance

Shares of NYSEARCA FLEE opened at $38.74 on Tuesday. The company has a 50 day simple moving average of $38.82 and a 200-day simple moving average of $38.20. The company has a market capitalization of $116.22 million, a P/E ratio of 16.76 and a beta of 0.82. Franklin FTSE Europe ETF has a 1 year low of $32.55 and a 1 year high of $39.86.

Franklin FTSE Europe ETF Company Profile

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.