Franklin FTSE Eurozone ETF (NYSEARCA:FLEU – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,115 shares, a drop of 45.2% from the August 15th total of 2,033 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,801 shares, the days-to-cover ratio is presently 0.4 days.
Franklin FTSE Eurozone ETF Trading Up 0.5%
Shares of Franklin FTSE Eurozone ETF stock traded up $0.19 on Thursday, reaching $35.58. 1,379 shares of the company were exchanged, compared to its average volume of 9,385. Franklin FTSE Eurozone ETF has a fifty-two week low of $30.96 and a fifty-two week high of $37.45. The firm has a market capitalization of $75.07 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 $36.13 and a 200-day moving average price of $35.01.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FLEU. Hedeker Wealth LLC lifted its holdings in shares of Franklin FTSE Eurozone ETF by 53.4% in the second quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock valued at $2,251,000 after purchasing an additional 21,881 shares in the last quarter. Madison Asset Management LLC acquired a new position in Franklin FTSE Eurozone ETF during the first quarter valued at $371,000. Sigma Planning Corp acquired a new position in Franklin FTSE Eurozone ETF during the first quarter valued at $226,000. Cornerstone Wealth Management LLC lifted its stake in Franklin FTSE Eurozone ETF by 20.5% in the 4th 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, Royal Bank of Canada boosted its position in Franklin FTSE Eurozone ETF by 8.0% during the 1st quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock worth $1,217,000 after acquiring an additional 2,797 shares during the period.
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.
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