Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) Sees Significant Decrease in Short Interest

Franklin FTSE United Kingdom ETF (NYSEARCA:FLGB) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 32,830 shares, a decline of 87.6% from the November 30th total of 263,870 shares. Based on an average daily volume of 121,854 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 121,854 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLGB. Bell Investment Advisors Inc increased its holdings in Franklin FTSE United Kingdom ETF by 13.3% in the 1st quarter. Bell Investment Advisors Inc now owns 4,557 shares of the company’s stock valued at $131,000 after buying an additional 536 shares during the period. Meridian Investment Counsel Inc. lifted its stake in Franklin FTSE United Kingdom ETF by 0.9% during the third quarter. Meridian Investment Counsel Inc. now owns 66,925 shares of the company’s stock worth $2,162,000 after purchasing an additional 600 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Franklin FTSE United Kingdom ETF by 79.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 686 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Franklin FTSE United Kingdom ETF during the 2nd quarter worth approximately $25,000. Finally, Innealta Capital LLC boosted its stake in Franklin FTSE United Kingdom ETF by 0.6% in the 3rd quarter. Innealta Capital LLC now owns 145,576 shares of the company’s stock valued at $4,704,000 after buying an additional 923 shares in the last quarter.

Franklin FTSE United Kingdom ETF Trading Up 0.1%

FLGB stock traded up $0.02 during trading on Thursday, reaching $33.69. 43,585 shares of the stock were exchanged, compared to its average volume of 144,737. Franklin FTSE United Kingdom ETF has a twelve month low of $25.10 and a twelve month high of $33.90. The company has a market capitalization of $945.00 million, a P/E ratio of 15.48 and a beta of 0.75. The stock has a 50 day simple moving average of $32.92 and a 200-day simple moving average of $31.95.

About Franklin FTSE United Kingdom ETF

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.