Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Shares Shorted: Short Interest Up 360.7% in October

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 890,990 shares, a growth of 360.7% from the October 15th total of 193,392 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 516,130 shares, the days-to-cover ratio is currently 1.7 days.

Franklin FTSE Brazil ETF Stock Down 1.6%

NYSEARCA:FLBR traded down $0.33 during mid-day trading on Thursday, reaching $19.85. The company’s stock had a trading volume of 169,853 shares, compared to its average volume of 253,150. Franklin FTSE Brazil ETF has a 1 year low of $18.80 and a 1 year high of $27.42. The stock has a fifty day moving average of $23.56 and a 200-day moving average of $23.05. The firm has a market capitalization of $551.83 million, a PE ratio of 9.07 and a beta of 0.68.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Several hedge funds have recently modified their holdings of the business. Bessemer Group Inc. bought a new position in Franklin FTSE Brazil ETF in the third quarter worth approximately $40,000. Parallel Advisors LLC lifted its holdings 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. Armstrong Advisory Group Inc. lifted its holdings in Franklin FTSE Brazil ETF by 31.6% during the third quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock worth $219,000 after buying an additional 2,250 shares during the period. Boltwood Capital Management purchased a new stake in Franklin FTSE Brazil ETF during the third quarter worth $220,000. Finally, HighTower Advisors LLC bought a new stake in Franklin FTSE Brazil ETF during the 3rd quarter valued at $295,000.

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.