Short Interest in Franklin FTSE Europe ETF (NYSEARCA:FLEE) Drops By 51.3%

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 973 shares, a decrease of 51.3% from the July 30th total of 1,998 shares. Based on an average trading volume of 2,706 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Franklin FTSE Europe ETF Stock Performance

NYSEARCA:FLEE traded down $0.10 during trading hours on Friday, hitting $40.02. The company’s stock had a trading volume of 1,044 shares, compared to its average volume of 15,760. Franklin FTSE Europe ETF has a 52-week low of $33.58 and a 52-week high of $40.53. The business’s 50-day moving average is $39.29 and its two-hundred day moving average is $38.53. The company has a market capitalization of $120.06 million, a PE ratio of 16.76 and a beta of 0.82.

Hedge Funds Weigh In On Franklin FTSE Europe ETF

A number of large investors have recently made changes to their positions in FLEE. EverSource Wealth Advisors LLC boosted its holdings in Franklin FTSE Europe ETF by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 58,148 shares of the company’s stock worth $2,114,000 after buying an additional 24,309 shares in the last quarter. Fifth Third Bancorp acquired a new position in Franklin FTSE Europe ETF during the first quarter worth about $691,000. Kestra Private Wealth Services LLC increased its holdings in Franklin FTSE Europe ETF by 4.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,498 shares of the company’s stock valued at $274,000 after buying an additional 288 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Franklin FTSE Europe ETF in the fourth quarter valued at about $24,010,000. Finally, LPL Financial LLC lifted its position in shares of Franklin FTSE Europe ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 24,818 shares of the company’s stock valued at $907,000 after acquiring an additional 1,952 shares during the period.

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.