Franklin FTSE Germany ETF (NYSEARCA:FLGR) Short Interest Update

Franklin FTSE Germany ETF (NYSEARCA:FLGR) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 12,245 shares, a growth of 274.9% from the January 15th total of 3,266 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 7,564 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 7,564 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company’s shares are short sold.

Franklin FTSE Germany ETF Stock Performance

Shares of NYSEARCA FLGR traded down $0.18 during midday trading on Wednesday, hitting $34.78. 2,310 shares of the company traded hands, compared to its average volume of 21,047. Franklin FTSE Germany ETF has a 12-month low of $25.87 and a 12-month high of $35.09. The stock has a 50-day moving average price of $33.83 and a 200 day moving average price of $33.10. The firm has a market cap of $45.21 million, a P/E ratio of 17.93 and a beta of 1.04.

Hedge Funds Weigh In On Franklin FTSE Germany ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc bought a new position in shares of Franklin FTSE Germany ETF during the 2nd quarter valued at approximately $686,000. Marotta Asset Management raised its holdings in shares of Franklin FTSE Germany ETF by 8.9% during the 4th quarter. Marotta Asset Management now owns 217,963 shares of the company’s stock worth $7,309,000 after acquiring an additional 17,798 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Germany ETF during the third quarter valued at $2,022,000. Bank of America Corp DE lifted its stake 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 purchasing an additional 3,370 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Franklin FTSE Germany ETF during the second quarter valued at $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.