Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Update

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 876 shares, a drop of 56.1% from the April 15th total of 1,996 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 9,009 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in Franklin FTSE Mexico ETF by 7.6% during the 4th quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock worth $300,000 after acquiring an additional 626 shares during the last quarter. Comprehensive Money Management Services LLC lifted its position in Franklin FTSE Mexico ETF by 9.4% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,180 shares of the company’s stock worth $300,000 after acquiring an additional 700 shares during the last quarter. Kaizen Financial Strategies lifted its position in Franklin FTSE Mexico ETF by 9.2% during the 1st quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock worth $352,000 after acquiring an additional 769 shares during the last quarter. HBW Advisory Services LLC lifted its position in Franklin FTSE Mexico ETF by 11.6% during the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock worth $370,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Franklin FTSE Mexico ETF by 43.1% during the 3rd quarter. Bank of America Corp DE now owns 15,244 shares of the company’s stock worth $506,000 after acquiring an additional 4,593 shares during the last quarter.

Franklin FTSE Mexico ETF Trading Down 2.1%

Franklin FTSE Mexico ETF stock traded down $0.81 on Friday, reaching $37.70. 8,828 shares of the stock were exchanged, compared to its average volume of 28,521. The stock has a market cap of $90.48 million, a PE ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a twelve month low of $28.13 and a twelve month high of $40.03. The firm has a fifty day moving average price of $37.24 and a two-hundred day moving average price of $36.06.

About Franklin FTSE Mexico ETF

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.