Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Short Interest Up 536.9% in July

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 75,275 shares, an increase of 536.9% from the June 30th total of 11,819 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 77,123 shares, the days-to-cover ratio is currently 1.0 days.

Franklin FTSE Brazil ETF Trading Down 1.7%

Shares of FLBR stock traded down $0.38 during trading on Friday, hitting $22.21. The company’s stock had a trading volume of 291,202 shares, compared to its average volume of 248,993. Franklin FTSE Brazil ETF has a 52 week low of $16.45 and a 52 week high of $26.25. The company has a market cap of $537.48 million, a PE ratio of 9.04 and a beta of 0.62. The business has a fifty day moving average of $22.03 and a 200-day moving average of $22.78.

Institutional Trading of Franklin FTSE Brazil ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. O Brien Greene & Co. Inc raised its position in Franklin FTSE Brazil ETF by 9.0% during the 4th quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock valued at $12,089,000 after purchasing an additional 52,418 shares during the last quarter. Morningstar Investment Management LLC boosted its position in shares of Franklin FTSE Brazil ETF by 42.5% in the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Royal Bank of Canada boosted its holdings in Franklin FTSE Brazil ETF by 83.7% in the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after acquiring an additional 108,477 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Franklin FTSE Brazil ETF during the 3rd quarter valued at about $3,620,000. Finally, Empowered Funds LLC purchased a new stake in shares of Franklin FTSE Brazil ETF during the first quarter valued at approximately $3,092,000.

Franklin FTSE Brazil ETF Company Profile

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.