Franklin FTSE Germany ETF (NYSEARCA:FLGR) Sees Large Increase in Short Interest

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,195 shares, a growth of 215.3% from the September 30th total of 379 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,379 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

A number of hedge funds have recently made changes to their positions in FLGR. Marotta Asset Management grew its holdings in shares of Franklin FTSE Germany ETF by 2.3% during the 3rd quarter. Marotta Asset Management now owns 243,566 shares of the company’s stock worth $7,829,000 after acquiring an additional 5,435 shares during the period. Bank of America Corp DE raised its holdings in Franklin FTSE Germany ETF by 29.8% during the first quarter. Bank of America Corp DE now owns 63,848 shares of the company’s stock valued at $1,997,000 after acquiring an additional 14,660 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Franklin FTSE Germany ETF during the second quarter valued at $391,000.

Franklin FTSE Germany ETF Stock Performance

Franklin FTSE Germany ETF stock traded down $0.43 during mid-day trading on Friday, reaching $32.52. The stock had a trading volume of 5,020 shares, compared to its average volume of 7,047. The stock’s 50-day simple moving average is $32.97 and its 200-day simple moving average is $33.18. The firm has a market capitalization of $37.40 million, a PE ratio of 17.93 and a beta of 0.96. Franklin FTSE Germany ETF has a fifty-two week low of $29.96 and a fifty-two week high of $35.18.

About Franklin FTSE Germany ETF

The Franklin FTSE Germany ETF (FLGR) is an exchange-traded fund that is based on the FTSE Germany RIC Capped index. The fund offers market cap-based exposure to large- and mid-cap German equities. FLGR was launched on Nov 2, 2017 and is managed by Franklin Templeton.