Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB – Get Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,532 shares, a decline of 67.2% from the June 15th total of 59,610 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 63,835 shares, the days-to-cover ratio is currently 0.3 days.
Franklin FTSE United Kingdom ETF Stock Up 0.0%
FLGB traded up $0.01 during trading on Tuesday, hitting $35.61. 21,765 shares of the company traded hands, compared to its average volume of 176,819. Franklin FTSE United Kingdom ETF has a one year low of $30.41 and a one year high of $37.37. The stock’s fifty day moving average is $35.67 and its 200 day moving average is $35.44. The firm has a market cap of $870.66 million, a P/E ratio of 15.48 and a beta of 0.64.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swmg LLC increased its stake in shares of Franklin FTSE United Kingdom ETF by 3.2% during the 4th quarter. Swmg LLC now owns 11,462 shares of the company’s stock worth $411,000 after purchasing an additional 356 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Franklin FTSE United Kingdom ETF by 31.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,178 shares of the company’s stock valued at $74,000 after purchasing an additional 523 shares during the last quarter. Sanctuary Advisors LLC lifted its stake 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 purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Franklin FTSE United Kingdom ETF during the second quarter valued at $25,000. Finally, Meridian Investment Counsel Inc. grew its holdings in Franklin FTSE United Kingdom ETF by 1.3% during the fourth quarter. Meridian Investment Counsel Inc. now owns 67,775 shares of the company’s stock valued at $2,287,000 after purchasing an additional 850 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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