Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Up 425.3% in August

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,033 shares, a growth of 425.3% from the July 30th total of 387 shares. Based on an average trading volume of 4,268 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Franklin FTSE Eurozone ETF Stock Performance

Shares of NYSEARCA FLEU traded up $0.10 during mid-day trading on Wednesday, hitting $37.05. 1,045 shares of the stock traded hands, compared to its average volume of 9,572. The company has a market cap of $74.10 million, a price-to-earnings ratio of 16.43 and a beta of 0.69. The stock has a fifty day moving average price of $36.00 and a 200-day moving average price of $34.90. Franklin FTSE Eurozone ETF has a 52 week low of $30.49 and a 52 week high of $37.24.

Institutional Trading of Franklin FTSE Eurozone ETF

A number of hedge funds have recently modified their holdings of FLEU. Jane Street Group LLC grew its position in shares of Franklin FTSE Eurozone ETF by 17.4% in the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock worth $409,000 after buying an additional 1,963 shares during the period. Osaic Holdings Inc. lifted its position in Franklin FTSE Eurozone ETF by 133.9% during the 2nd quarter. Osaic Holdings Inc. now owns 32,500 shares of the company’s stock valued at $1,005,000 after acquiring an additional 18,607 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Franklin FTSE Eurozone ETF during the 3rd quarter valued at about $81,000. Cornerstone Wealth Management LLC boosted its stake in Franklin FTSE Eurozone ETF by 20.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock worth $575,000 after acquiring an additional 2,944 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in Franklin FTSE Eurozone ETF during the fourth quarter worth about $227,000.

About Franklin FTSE Eurozone ETF

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.