Short Interest in Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Increases By 31.6%

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 68,303 shares, an increase of 31.6% from the November 30th total of 51,904 shares. Approximately 3.8% of the company’s shares are sold short. Based on an average trading volume of 19,546 shares, the days-to-cover ratio is currently 3.5 days. Based on an average trading volume of 19,546 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.8% of the company’s shares are sold short.

Franklin FTSE Latin America ETF Price Performance

Shares of NYSEARCA:FLLA traded down $0.05 during mid-day trading on Tuesday, hitting $24.24. The company had a trading volume of 13,783 shares, compared to its average volume of 21,671. The firm has a fifty day moving average price of $24.31 and a 200 day moving average price of $22.77. The company has a market capitalization of $43.63 million, a PE ratio of 10.26 and a beta of 0.90. Franklin FTSE Latin America ETF has a one year low of $16.80 and a one year high of $25.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLLA. Old Port Advisors increased its position 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 during the last quarter. Simon Quick Advisors LLC purchased a new position in shares of Franklin FTSE Latin America ETF during the 2nd quarter worth approximately $1,780,000. Raymond James Financial Inc. lifted its holdings in shares of 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 valued at $1,758,000 after purchasing an additional 6,930 shares during the last quarter. Bank of America Corp DE increased its stake in Franklin FTSE Latin America ETF by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock valued at $1,309,000 after purchasing an additional 651 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Franklin FTSE Latin America ETF by 5.9% in the 2nd quarter. MML Investors Services LLC now owns 42,423 shares of the company’s stock worth $921,000 after purchasing an additional 2,378 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.