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

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 148,160 shares, a growth of 95.1% from the August 15th total of 75,952 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 234,733 shares, the days-to-cover ratio is presently 0.6 days.

Franklin FTSE Brazil ETF Stock Performance

Franklin FTSE Brazil ETF stock traded down $0.19 during midday trading on Wednesday, reaching $23.40. The company’s stock had a trading volume of 516,289 shares, compared to its average volume of 236,523. The firm has a market capitalization of $575.64 million, a PE ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a fifty-two week low of $17.65 and a fifty-two week high of $26.25. The stock’s 50 day simple moving average is $22.28 and its 200 day simple moving average is $22.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after buying an additional 494 shares during the period. ES4 LLC purchased a new position in shares of Franklin FTSE Brazil ETF during the 4th quarter worth about $230,000. Bank of America Corp DE boosted its position in shares of Franklin FTSE Brazil ETF by 30.6% in the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after acquiring an additional 17,889 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the second quarter worth approximately $718,000. Finally, Morningstar Investment Management LLC grew its holdings 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 valued at $8,148,000 after purchasing an additional 101,763 shares during the period.

Franklin FTSE Brazil ETF Company Profile

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.