Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Update

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

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

Several hedge funds have recently bought and sold shares of the company. PCG Wealth Advisors LLC lifted its stake in Franklin FTSE Mexico ETF by 17.5% in the 4th quarter. PCG Wealth Advisors LLC now owns 101,275 shares of the company’s stock worth $3,428,000 after purchasing an additional 15,053 shares in the last quarter. ES4 LLC bought a new position in Franklin FTSE Mexico ETF in the 4th quarter valued at $472,000. HBW Advisory Services LLC grew its position in shares of Franklin FTSE Mexico ETF by 11.6% during the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock valued at $370,000 after purchasing an additional 1,134 shares in the last quarter. Marotta Asset Management grew its position in shares of Franklin FTSE Mexico ETF by 9.7% during the 4th quarter. Marotta Asset Management now owns 58,309 shares of the company’s stock valued at $1,974,000 after purchasing an additional 5,136 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Franklin FTSE Mexico ETF in the first quarter worth $211,000.

Franklin FTSE Mexico ETF Price Performance

FLMX stock traded down $0.97 during mid-day trading on Friday, reaching $36.52. 696 shares of the company traded hands, compared to its average volume of 24,750. The company has a market capitalization of $87.65 million, a P/E ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a 52-week low of $28.81 and a 52-week high of $40.03. The company has a fifty day moving average price of $38.06 and a 200-day moving average price of $37.10.

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.