Short Interest in Franklin FTSE Germany ETF (NYSEARCA:FLGR) Declines By 62.1%

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 3,900 shares, a decline of 62.1% from the August 15th total of 10,300 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 16,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Franklin FTSE Germany ETF

Institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in Franklin FTSE Germany ETF during the 1st quarter worth approximately $49,000. Atria Investments Inc acquired a new position in Franklin FTSE Germany ETF during the 2nd quarter worth approximately $686,000. JPMorgan Chase & Co. acquired a new position in Franklin FTSE Germany ETF during the 2nd quarter worth approximately $793,000. Finally, Marotta Asset Management increased its position in Franklin FTSE Germany ETF by 0.4% during the 1st quarter. Marotta Asset Management now owns 232,023 shares of the company’s stock worth $6,174,000 after purchasing an additional 981 shares in the last quarter.

Franklin FTSE Germany ETF Stock Up 0.2%

Shares of NYSEARCA:FLGR traded up $0.07 during midday trading on Monday, hitting $32.75. The stock had a trading volume of 1,957 shares, compared to its average volume of 18,326. The company’s 50-day moving average price is $33.23 and its 200-day moving average price is $31.87. The company has a market capitalization of $55.67 million, a P/E ratio of 17.93 and a beta of 1.09. Franklin FTSE Germany ETF has a fifty-two week low of $24.40 and a fifty-two week high of $34.28.

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.