Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Sees Significant Decline in Short Interest

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 39,102 shares, a decline of 18.0% from the February 12th total of 47,711 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 14,717 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 14,717 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.2% of the shares of the stock are sold short.

Institutional Trading of Franklin FTSE Eurozone ETF

A number of large investors have recently bought and sold shares of FLEU. Eagle Bay Advisors LLC acquired a new position in Franklin FTSE Eurozone ETF during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Franklin FTSE Eurozone ETF in the 3rd quarter valued at $81,000. Hedeker Wealth LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 2nd quarter worth about $208,000. MML Investors Services LLC bought a new stake in shares of Franklin FTSE Eurozone ETF in the 4th quarter worth about $227,000. Finally, Jane Street Group LLC increased its position in shares of Franklin FTSE Eurozone ETF by 17.4% during the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock worth $409,000 after purchasing an additional 1,963 shares in the last quarter.

Franklin FTSE Eurozone ETF Stock Performance

Shares of FLEU stock traded up $0.67 during trading hours on Monday, hitting $32.67. The company had a trading volume of 22,299 shares, compared to its average volume of 15,896. Franklin FTSE Eurozone ETF has a 12 month low of $23.50 and a 12 month high of $35.96. The firm’s fifty day moving average is $34.40 and its 200 day moving average is $33.03. The firm has a market capitalization of $58.81 million, a price-to-earnings ratio of 16.43 and a beta of 0.75.

Franklin FTSE Eurozone ETF Company Profile

The Franklin FTSE Eurozone ETF Franklin FTSE Europe Hedged Fund (FLEU) is an exchange-traded fund that is based on the FTSE Developed Eurozone index. The fund tracks a market cap weighted index of large- and mid-cap companies in the developed Eurozone. The currency exposure is not hedged FLEU was launched on Nov 2, 2017 and is issued by Franklin Templeton.