Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Up 374.1% in March

Franklin FTSE Germany ETF (NYSEARCA:FLGR) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 6,325 shares, a growth of 374.1% from the March 15th total of 1,334 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,758 shares, the short-interest ratio is presently 0.9 days.

Franklin FTSE Germany ETF Stock Down 0.1%

NYSEARCA:FLGR traded down $0.04 during trading hours on Friday, reaching $32.82. 2,836 shares of the company’s stock were exchanged, compared to its average volume of 13,267. The company has a market capitalization of $42.67 million, a P/E ratio of 17.93 and a beta of 0.97. Franklin FTSE Germany ETF has a 12 month low of $28.08 and a 12 month high of $35.18. The business’s 50-day simple moving average is $32.95 and its two-hundred day simple moving average is $33.02.

Institutional Investors Weigh In On Franklin FTSE Germany ETF

Hedge funds have recently made changes to their positions in the company. Marotta Asset Management lifted its position in shares of Franklin FTSE Germany ETF by 8.9% in the 4th quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock valued at $7,309,000 after acquiring an additional 17,798 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Franklin FTSE Germany ETF by 10.0% in the 4th quarter. Jane Street Group LLC now owns 14,403 shares of the company’s stock valued at $483,000 after acquiring an additional 1,313 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE Germany ETF in the 3rd quarter valued at approximately $2,022,000. Bank of America Corp DE lifted its position in shares of Franklin FTSE Germany ETF by 8.1% in the 3rd quarter. Bank of America Corp DE now owns 44,747 shares of the company’s stock valued at $1,475,000 after acquiring an additional 3,370 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Franklin FTSE Germany ETF in the 2nd quarter valued at approximately $793,000.

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.