Franklin FTSE Europe ETF (NYSEARCA:FLEE) Short Interest Up 148.1% in August

Franklin FTSE Europe ETF (NYSEARCA:FLEE) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,414 shares, an increase of 148.1% from the August 15th total of 973 shares. Based on an average trading volume of 3,965 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Franklin FTSE Europe ETF Stock Up 0.6%

Franklin FTSE Europe ETF stock traded up $0.22 during midday trading on Friday, hitting $39.15. 2,069 shares of the stock were exchanged, compared to its average volume of 15,124. The stock has a market capitalization of $117.45 million, a price-to-earnings ratio of 16.76 and a beta of 0.82. The business’s 50-day moving average price is $39.45 and its 200-day moving average price is $38.56. Franklin FTSE Europe ETF has a 52-week low of $34.07 and a 52-week high of $40.53.

Institutional Investors Weigh In On Franklin FTSE Europe ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Franklin FTSE Europe ETF during the 2nd quarter valued at about $140,000. EP Wealth Advisors LLC grew its holdings in shares of Franklin FTSE Europe ETF by 2.1% in the second quarter. EP Wealth Advisors LLC now owns 677,812 shares of the company’s stock worth $22,700,000 after purchasing an additional 13,839 shares during the last quarter. Tidal Investments LLC increased its position in shares of Franklin FTSE Europe ETF by 298.5% in the second quarter. Tidal Investments LLC now owns 259,038 shares of the company’s stock valued at $8,675,000 after acquiring an additional 194,028 shares during the period. Vident Advisory LLC bought a new position in Franklin FTSE Europe ETF during the 2nd quarter valued at approximately $231,000. Finally, Bank of America Corp DE raised its holdings in Franklin FTSE Europe ETF by 18.8% in the 3rd quarter. Bank of America Corp DE now owns 30,949 shares of the company’s stock worth $1,074,000 after purchasing an additional 4,905 shares in the last quarter.

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.