Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Sees Large Growth in Short Interest

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 13,283 shares, an increase of 1,839.1% from the May 31st total of 685 shares. Based on an average daily trading volume, of 13,475 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Franklin FTSE Mexico ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in Franklin FTSE Mexico ETF by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock valued at $20,445,000 after purchasing an additional 9,280 shares during the period. PCG Wealth Advisors LLC increased its position in Franklin FTSE Mexico ETF by 17.5% in the fourth quarter. PCG Wealth Advisors LLC now owns 101,275 shares of the company’s stock worth $3,428,000 after buying an additional 15,053 shares during the period. Royal Bank of Canada lifted its stake in Franklin FTSE Mexico ETF by 313.1% in the first quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock valued at $3,426,000 after buying an additional 70,706 shares during the last quarter. Marotta Asset Management lifted its stake in Franklin FTSE Mexico ETF by 9.7% in the fourth quarter. Marotta Asset Management now owns 58,309 shares of the company’s stock valued at $1,974,000 after buying an additional 5,136 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Franklin FTSE Mexico ETF by 106.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock valued at $1,427,000 after buying an additional 21,735 shares during the last quarter.

Franklin FTSE Mexico ETF Trading Up 2.6%

FLMX traded up $0.94 on Thursday, hitting $37.49. 3,005 shares of the company’s stock were exchanged, compared to its average volume of 24,953. The stock has a fifty day moving average of $38.06 and a two-hundred day moving average of $37.10. Franklin FTSE Mexico ETF has a twelve month low of $28.81 and a twelve month high of $40.03. The firm has a market cap of $89.98 million, a PE ratio of 12.95 and a beta of 0.77.

About Franklin FTSE Mexico ETF

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.