Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Short Interest Update

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 15,787 shares, a decline of 38.9% from the May 14th total of 25,840 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 207,561 shares, the days-to-cover ratio is currently 0.1 days.

Franklin FTSE Brazil ETF Stock Performance

Franklin FTSE Brazil ETF stock traded down $0.16 on Tuesday, reaching $21.81. The company’s stock had a trading volume of 188,184 shares, compared to its average volume of 277,012. The company has a market cap of $545.25 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The business’s fifty day moving average price is $23.77 and its 200 day moving average price is $22.40. Franklin FTSE Brazil ETF has a twelve month low of $16.45 and a twelve month high of $26.25.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. O Brien Greene & Co. Inc boosted its stake in Franklin FTSE Brazil ETF by 9.0% in the fourth quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after purchasing an additional 52,418 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in Franklin FTSE Brazil ETF by 42.5% in the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Royal Bank of Canada boosted its stake in Franklin FTSE Brazil ETF by 83.7% in the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after purchasing an additional 108,477 shares in the last quarter. Citadel Advisors LLC acquired a new position in Franklin FTSE Brazil ETF in the third quarter worth $3,620,000. Finally, Empowered Funds LLC acquired a new position in Franklin FTSE Brazil ETF in the first quarter worth $3,092,000.

About Franklin FTSE Brazil ETF

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.