Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Increase in Short Interest

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

Hedge Funds Weigh In On Franklin FTSE Latin America ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLLA. WealthShield Partners LLC acquired a new stake in Franklin FTSE Latin America ETF in the second quarter valued at approximately $62,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Franklin FTSE Latin America ETF during the 2nd quarter valued at approximately $246,000. Flow Traders U.S. LLC purchased a new stake in shares of Franklin FTSE Latin America ETF in the 2nd quarter worth about $252,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Franklin FTSE Latin America ETF in the fourth quarter valued at $289,000. Finally, Wealthspire Advisors LLC purchased a new stake in shares of Franklin FTSE Latin America ETF in the second quarter valued at $274,000.

Franklin FTSE Latin America ETF Stock Down 3.4%

Shares of NYSEARCA FLLA traded down $0.98 during midday trading on Friday, reaching $27.60. The company had a trading volume of 63,808 shares, compared to its average volume of 56,230. The firm’s fifty day moving average price is $25.27 and its 200-day moving average price is $23.49. Franklin FTSE Latin America ETF has a one year low of $17.46 and a one year high of $29.06. The stock has a market cap of $63.48 million, a PE 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.