Franklin FTSE Europe ETF (NYSEARCA:FLEE) Sees Large Increase in Short Interest

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 50,442 shares, an increase of 102.7% from the January 29th total of 24,884 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 9,438 shares, the short-interest ratio is currently 5.3 days. Based on an average daily volume of 9,438 shares, the short-interest ratio is currently 5.3 days. Approximately 1.6% of the company’s shares are sold short.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in Franklin FTSE Europe ETF by 56.3% during the second quarter. Osaic Holdings Inc. now owns 49,371 shares of the company’s stock worth $1,653,000 after purchasing an additional 17,785 shares during the period. Franklin Resources Inc. grew its stake in shares of Franklin FTSE Europe ETF by 110.5% during the 2nd quarter. Franklin Resources Inc. now owns 148,894 shares of the company’s stock valued at $4,989,000 after buying an additional 78,164 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Franklin FTSE Europe ETF during the 2nd quarter worth $2,732,000. Treasure Coast Financial Planning raised its position in shares of Franklin FTSE Europe ETF by 0.5% in the 4th quarter. Treasure Coast Financial Planning now owns 252,053 shares of the company’s stock worth $9,210,000 after buying an additional 1,295 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in shares of Franklin FTSE Europe ETF by 4.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,498 shares of the company’s stock worth $274,000 after buying an additional 288 shares during the period.

Franklin FTSE Europe ETF Stock Performance

NYSEARCA FLEE traded down $0.30 during trading hours on Friday, hitting $39.35. 51,893 shares of the company’s stock were exchanged, compared to its average volume of 23,177. The business’s 50 day moving average is $38.03 and its 200-day moving average is $36.07. Franklin FTSE Europe ETF has a 12-month low of $27.41 and a 12-month high of $39.86. The firm has a market capitalization of $125.92 million, a P/E ratio of 16.76 and a beta of 0.90.

Franklin FTSE Europe ETF Company Profile

The Franklin FTSE Europe ETF (FLEE) is an exchange-traded fund that is based on the FTSE Developed Europe RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. FLEE was launched on Nov 2, 2017 and is managed by Franklin Templeton.