Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Up 88.7% in July

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 76,815 shares, an increase of 88.7% from the June 30th total of 40,699 shares. Based on an average trading volume of 25,725 shares, the short-interest ratio is presently 3.0 days. Approximately 1.9% of the shares of the stock are short sold.

Franklin FTSE Latin America ETF Trading Up 0.0%

FLLA stock opened at $27.66 on Friday. The company has a market cap of $110.64 million, a price-to-earnings ratio of 10.26 and a beta of 0.69. Franklin FTSE Latin America ETF has a 12 month low of $20.46 and a 12 month high of $30.98. The firm has a 50-day moving average of $27.08 and a two-hundred day moving average of $27.83.

Institutional Investors Weigh In On Franklin FTSE Latin America ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC purchased a new position in Franklin FTSE Latin America ETF during the second quarter worth approximately $252,000. Raymond James Financial Inc. increased its stake in shares of Franklin FTSE Latin America ETF by 23.2% in the 2nd quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock worth $1,478,000 after acquiring an additional 12,836 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Franklin FTSE Latin America ETF by 5.9% in the 2nd quarter. MML Investors Services LLC now owns 42,423 shares of the company’s stock worth $921,000 after acquiring an additional 2,378 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Latin America ETF by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock worth $1,309,000 after acquiring an additional 651 shares during the period. Finally, Baker Ellis Asset Management LLC purchased a new position in shares of Franklin FTSE Latin America ETF during the 4th quarter worth $289,000.

About Franklin FTSE Latin America ETF

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.