Short Interest in Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Drops By 72.9%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,603 shares, a drop of 72.9% from the February 26th total of 39,102 shares. Based on an average daily volume of 19,396 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.

Franklin FTSE Eurozone ETF Trading Down 1.8%

NYSEARCA:FLEU traded down $0.57 during trading hours on Thursday, reaching $31.60. The company had a trading volume of 5,913 shares, compared to its average volume of 14,731. The firm has a market cap of $56.88 million, a price-to-earnings ratio of 16.43 and a beta of 0.75. The firm’s 50 day moving average price is $34.07 and its 200-day moving average price is $33.06. Franklin FTSE Eurozone ETF has a 52 week low of $23.50 and a 52 week high of $35.96.

Institutional Trading of Franklin FTSE Eurozone ETF

Several large investors have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in Franklin FTSE Eurozone ETF in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Franklin FTSE Eurozone ETF during the 3rd quarter valued at about $81,000. MML Investors Services LLC bought a new stake in shares of Franklin FTSE Eurozone ETF during the 4th quarter valued at about $227,000. Jane Street Group LLC increased its position in shares of Franklin FTSE Eurozone ETF by 17.4% during the 2nd quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Franklin FTSE Eurozone ETF during the 3rd quarter valued at about $461,000.

Franklin FTSE Eurozone ETF Company Profile

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.