Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Shares Shorted: Short Interest Down 68.3% in September

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 57,051 shares, a decrease of 68.3% from the August 31st total of 180,083 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 117,515 shares, the short-interest ratio is currently 0.5 days.

Franklin FTSE United Kingdom ETF Trading Down 0.1%

Shares of Franklin FTSE United Kingdom ETF stock traded down $0.02 during trading hours on Monday, reaching $36.29. 18,761 shares of the company’s stock were exchanged, compared to its average volume of 163,086. The firm has a market capitalization of $865.52 million, a price-to-earnings ratio of 15.48 and a beta of 0.63. Franklin FTSE United Kingdom ETF has a 52-week low of $31.71 and a 52-week high of $38.03. The company has a fifty day moving average of $36.97 and a 200-day moving average of $36.05.

Institutional Investors Weigh In On Franklin FTSE United Kingdom ETF

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its holdings in Franklin FTSE United Kingdom ETF by 10.0% in the first quarter. Sanctuary Advisors LLC now owns 6,741 shares of the company’s stock valued at $234,000 after acquiring an additional 611 shares in the last quarter. Dynamic Wealth Strategies LLC boosted its stake in Franklin FTSE United Kingdom ETF by 8.9% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after purchasing an additional 1,008 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Franklin FTSE United Kingdom ETF by 10.7% in the first quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock worth $439,000 after purchasing an additional 1,220 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Franklin FTSE United Kingdom ETF by 2.2% during the first quarter. Meridian Investment Counsel Inc. now owns 69,275 shares of the company’s stock valued at $2,408,000 after acquiring an additional 1,500 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Franklin FTSE United Kingdom ETF by 26.6% in the first quarter. Bank of New York Mellon Corp now owns 15,441 shares of the company’s stock worth $537,000 after acquiring an additional 3,247 shares in the last quarter.

About Franklin FTSE United Kingdom ETF

The Franklin FTSE United Kingdom ETF (FLGB) is an exchange-traded fund that is based on the FTSE UK RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap companies from the United Kingdom. FLGB was launched on Nov 2, 2017 and is managed by Franklin Templeton.