Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Stock Short Interest Jumps 427.7%

Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,884 shares, an increase of 427.7% from the August 31st total of 1,115 shares. Based on an average daily trading volume, of 7,062 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hedeker Wealth LLC grew its stake in Franklin FTSE Eurozone ETF by 53.4% during the second quarter. Hedeker Wealth LLC now owns 62,890 shares of the company’s stock worth $2,251,000 after purchasing an additional 21,881 shares during the period. Royal Bank of Canada increased its holdings in Franklin FTSE Eurozone ETF by 8.0% in the first quarter. Royal Bank of Canada now owns 37,633 shares of the company’s stock worth $1,217,000 after purchasing an additional 2,797 shares in the last quarter. Madison Asset Management LLC acquired a new position in Franklin FTSE Eurozone ETF in the first quarter valued at approximately $371,000. Sigma Planning Corp acquired a new position in Franklin FTSE Eurozone ETF in the first quarter valued at approximately $226,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Franklin FTSE Eurozone ETF during the 2nd quarter worth approximately $34,000.

Franklin FTSE Eurozone ETF Stock Up 0.4%

Shares of NYSEARCA FLEU opened at $35.34 on Friday. The company has a market capitalization of $70.68 million, a PE ratio of 16.43 and a beta of 0.69. Franklin FTSE Eurozone ETF has a twelve month low of $30.96 and a twelve month high of $37.45. The firm has a fifty day simple moving average of $36.14 and a 200 day simple moving average of $35.07.

About Franklin FTSE Eurozone ETF

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.