Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Update

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 250,916 shares, a growth of 140.0% from the December 31st total of 104,539 shares. Based on an average trading volume of 46,110 shares, the days-to-cover ratio is currently 5.4 days. Currently, 11.4% of the shares of the company are sold short. Currently, 11.4% of the shares of the company are sold short. Based on an average trading volume of 46,110 shares, the days-to-cover ratio is currently 5.4 days.

Institutional Investors Weigh In On Franklin FTSE Latin America ETF

A number of hedge funds have recently made changes to their positions in the business. Simon Quick Advisors LLC acquired a new stake in Franklin FTSE Latin America ETF in the 2nd quarter valued at approximately $1,780,000. Old Port Advisors grew its stake in shares of Franklin FTSE Latin America ETF by 49.6% in the third quarter. Old Port Advisors now owns 107,406 shares of the company’s stock worth $2,517,000 after purchasing an additional 35,608 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Franklin FTSE Latin America ETF by 288.9% in the third quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock worth $898,000 after purchasing an additional 28,455 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Franklin FTSE Latin America ETF by 23.2% during the second quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock valued at $1,478,000 after purchasing an additional 12,836 shares during the period. Finally, Wealthspire Advisors LLC bought a new stake in shares of Franklin FTSE Latin America ETF during the second quarter valued at about $274,000.

Franklin FTSE Latin America ETF Price Performance

Shares of NYSEARCA:FLLA traded down $0.98 during trading on Friday, reaching $27.60. 63,808 shares of the company’s stock traded hands, compared to its average volume of 56,230. Franklin FTSE Latin America ETF has a 12 month low of $17.46 and a 12 month high of $29.06. The company has a 50 day moving average of $25.27 and a 200-day moving average of $23.47. The stock has a market capitalization of $63.48 million, a P/E ratio of 10.26 and a beta of 0.90.

Franklin FTSE Latin America ETF Company Profile

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.