Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Up 99.2% in May

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 38,668 shares, a growth of 99.2% from the May 14th total of 19,410 shares. Based on an average daily volume of 68,752 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s shares are sold short.

Franklin FTSE Latin America ETF Price Performance

Shares of FLLA traded up $0.30 during mid-day trading on Friday, reaching $27.52. The stock had a trading volume of 26,656 shares, compared to its average volume of 57,159. Franklin FTSE Latin America ETF has a 52-week low of $20.46 and a 52-week high of $30.98. The business’s fifty day moving average is $28.59 and its 200 day moving average is $27.25. The firm has a market cap of $107.33 million, a price-to-earnings ratio of 10.26 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Old Port Advisors boosted its stake in Franklin FTSE Latin America ETF by 18.5% during the fourth quarter. Old Port Advisors now owns 127,230 shares of the company’s stock worth $3,065,000 after buying an additional 19,824 shares during the period. Bank of America Corp DE boosted its stake in Franklin FTSE Latin America ETF by 24.9% during the first quarter. Bank of America Corp DE now owns 81,082 shares of the company’s stock worth $2,293,000 after buying an additional 16,168 shares during the period. Raymond James Financial Inc. boosted its stake in Franklin FTSE Latin America ETF by 10.2% during the third quarter. Raymond James Financial Inc. now owns 75,026 shares of the company’s stock worth $1,758,000 after buying an additional 6,930 shares during the period. Janney Montgomery Scott LLC purchased a new position in Franklin FTSE Latin America ETF during the first quarter worth about $1,293,000. Finally, MML Investors Services LLC boosted its stake in Franklin FTSE Latin America ETF by 4.7% during the fourth quarter. MML Investors Services LLC now owns 44,281 shares of the company’s stock worth $1,067,000 after buying an additional 2,000 shares during the period.

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.