Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 181,280 shares, a growth of 238.3% from the July 15th total of 53,588 shares. Based on an average trading volume of 65,890 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.8% of the company’s shares are short sold.
Franklin FTSE United Kingdom ETF Price Performance
FLGB traded down $0.05 during trading on Thursday, reaching $37.20. The company had a trading volume of 17,032 shares, compared to its average volume of 176,049. The company has a market cap of $896.52 million, a P/E ratio of 15.48 and a beta of 0.64. Franklin FTSE United Kingdom ETF has a 12 month low of $31.22 and a 12 month high of $37.61. The business’s fifty day moving average price is $36.07 and its 200 day moving average price is $35.81.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP lifted its position in shares of Franklin FTSE United Kingdom ETF by 29.8% during the 1st quarter. Quantinno Capital Management LP now owns 63,979 shares of the company’s stock valued at $2,224,000 after acquiring an additional 14,704 shares during the period. Morningstar Investment Management LLC acquired a new position in Franklin FTSE United Kingdom ETF in the 1st quarter worth about $7,507,000. Dynamic Wealth Strategies LLC raised its holdings in Franklin FTSE United Kingdom ETF by 8.9% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 12,363 shares of the company’s stock valued at $430,000 after buying an additional 1,008 shares during the last quarter. Assetmark Inc. raised its stake in shares of Franklin FTSE United Kingdom ETF by 2.2% during the first quarter. Assetmark Inc. now owns 292,796 shares of the company’s stock valued at $10,178,000 after acquiring an additional 6,176 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in Franklin FTSE United Kingdom ETF by 10.7% during the 1st quarter. Wealthfront Advisers LLC now owns 12,626 shares of the company’s stock worth $439,000 after buying an additional 1,220 shares during the period.
Franklin FTSE United Kingdom ETF Company Profile
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.
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