Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Significant Decline in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 142,019 shares, a decline of 80.4% from the April 15th total of 724,683 shares. Based on an average daily trading volume, of 537,518 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are short sold.

Franklin FTSE Brazil ETF Stock Performance

Shares of NYSEARCA:FLBR traded down $0.09 during midday trading on Tuesday, reaching $24.21. 6,801 shares of the company’s stock were exchanged, compared to its average volume of 294,520. The firm has a market capitalization of $605.25 million, a PE ratio of 9.04 and a beta of 0.66. The company’s 50 day simple moving average is $23.99 and its two-hundred day simple moving average is $21.89. Franklin FTSE Brazil ETF has a 12 month low of $16.45 and a 12 month high of $26.25.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Several large investors have recently modified their holdings of the stock. MMA Asset Management LLC boosted its stake in Franklin FTSE Brazil ETF by 30.0% in the 3rd quarter. MMA Asset Management LLC now owns 117,262 shares of the company’s stock valued at $2,234,000 after buying an additional 27,056 shares in the last quarter. O Brien Greene & Co. Inc raised its stake in Franklin FTSE Brazil ETF by 6.7% during the third quarter. O Brien Greene & Co. Inc now owns 582,173 shares of the company’s stock worth $11,090,000 after acquiring an additional 36,386 shares in the last quarter. Sunpointe LLC bought a new position in shares of Franklin FTSE Brazil ETF during the fourth quarter valued at $203,000. ES4 LLC bought a new position in shares of Franklin FTSE Brazil ETF during the fourth quarter valued at $230,000. Finally, Parallel Advisors LLC boosted its stake in shares of Franklin FTSE Brazil ETF by 11.0% in the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after purchasing an additional 494 shares in the last quarter.

About Franklin FTSE Brazil ETF

The Franklin FTSE Brazil ETF (FLBR) is an exchange-traded fund that is based on the FTSE Brazil RIC Capped index. The fund tracks a market cap-weighted index of Brazilian large- and mid-cap stocks. FLBR was launched on Nov 3, 2017 and is managed by Franklin Templeton.