Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Down 56.1% in April

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 876 shares, a decrease of 56.1% from the April 15th total of 1,996 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 9,009 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLMX. Texas Yale Capital Corp. acquired a new position in shares of Franklin FTSE Mexico ETF during the third quarter worth about $216,000. PCG Wealth Advisors LLC acquired a new position in shares of Franklin FTSE Mexico ETF during the third quarter worth about $2,861,000. Bank of America Corp DE grew its position in shares of Franklin FTSE Mexico ETF by 43.1% during the third quarter. Bank of America Corp DE now owns 15,244 shares of the company’s stock worth $506,000 after buying an additional 4,593 shares in the last quarter. Marotta Asset Management grew its position in shares of Franklin FTSE Mexico ETF by 9.7% during the fourth quarter. Marotta Asset Management now owns 58,309 shares of the company’s stock worth $1,974,000 after buying an additional 5,136 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Franklin FTSE Mexico ETF by 11.6% during the fourth quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock worth $370,000 after buying an additional 1,134 shares in the last quarter.

Franklin FTSE Mexico ETF Stock Down 2.1%

NYSEARCA:FLMX traded down $0.81 on Friday, reaching $37.70. 8,828 shares of the company’s stock were exchanged, compared to its average volume of 28,521. The firm has a market capitalization of $90.48 million, a price-to-earnings ratio of 12.95 and a beta of 0.77. The business has a fifty day moving average of $37.24 and a 200-day moving average of $36.09. Franklin FTSE Mexico ETF has a 52-week low of $28.13 and a 52-week high of $40.03.

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.