Franklin FTSE Eurozone ETF (NYSEARCA:FLEU) Short Interest Up 1,671.4% in June
by Mitch Edgeman · The Markets DailyFranklin FTSE Eurozone ETF (NYSEARCA:FLEU – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,983 shares, a growth of 1,671.4% from the June 15th total of 1,241 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 12,739 shares, the days-to-cover ratio is currently 1.7 days.
Franklin FTSE Eurozone ETF Stock Up 0.1%
FLEU stock traded up $0.02 during midday trading on Friday, hitting $35.38. 3,167 shares of the company traded hands, compared to its average volume of 11,038. Franklin FTSE Eurozone ETF has a twelve month low of $29.58 and a twelve month high of $37.17. The stock has a market capitalization of $70.76 million, a price-to-earnings ratio of 16.43 and a beta of 0.69. The business has a 50 day simple moving average of $35.39 and a 200-day simple moving average of $34.42.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FLEU. Eagle Bay Advisors LLC bought a new position in Franklin FTSE Eurozone ETF in the 4th quarter worth $26,000. Jane Street Group LLC boosted its holdings in Franklin FTSE Eurozone ETF by 17.4% during the second quarter. Jane Street Group LLC now owns 13,239 shares of the company’s stock valued at $409,000 after acquiring an additional 1,963 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Franklin FTSE Eurozone ETF during the third quarter valued at about $81,000. Royal Bank of Canada grew its position in shares of Franklin FTSE Eurozone ETF by 8.6% in the fourth quarter. Royal Bank of Canada now owns 34,836 shares of the company’s stock valued at $1,158,000 after purchasing an additional 2,755 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of Franklin FTSE Eurozone ETF by 20.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 17,297 shares of the company’s stock valued at $575,000 after purchasing an additional 2,944 shares during the last quarter.
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.