Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Up 148.1% in August

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,414 shares, a growth of 148.1% from the August 15th total of 973 shares. Based on an average daily trading volume, of 3,965 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Franklin FTSE Europe ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLEE. Integrated Wealth Concepts LLC lifted its holdings in shares of Franklin FTSE Europe ETF by 16.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,052 shares of the company’s stock worth $313,000 after purchasing an additional 1,164 shares during the last quarter. Fifth Third Bancorp bought a new stake in Franklin FTSE Europe ETF in the first quarter valued at $691,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin FTSE Europe ETF by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock valued at $2,114,000 after acquiring an additional 24,309 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Franklin FTSE Europe ETF by 105.9% during the second quarter. Tidal Investments LLC now owns 304,130 shares of the company’s stock valued at $11,815,000 after acquiring an additional 156,449 shares during the period.

Franklin FTSE Europe ETF Price Performance

Shares of NYSEARCA:FLEE traded down $0.29 during trading on Monday, reaching $38.86. 73,253 shares of the company’s stock traded hands, compared to its average volume of 15,456. Franklin FTSE Europe ETF has a 12 month low of $34.07 and a 12 month high of $40.53. The company has a 50 day moving average of $39.45 and a 200-day moving average of $38.55. The stock has a market capitalization of $116.58 million, a P/E ratio of 16.76 and a beta of 0.82.

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.