Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 139,921 shares, an increase of 85.9% from the July 15th total of 75,275 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 138,431 shares, the days-to-cover ratio is presently 1.0 days.
Franklin FTSE Brazil ETF Trading Up 0.5%
NYSEARCA:FLBR traded up $0.10 during trading hours on Monday, reaching $20.79. 178,291 shares of the company were exchanged, compared to its average volume of 240,081. The firm has a market cap of $511.43 million, a PE ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a twelve month low of $17.06 and a twelve month high of $26.25. The stock’s 50-day moving average is $21.83 and its 200-day moving average is $22.97.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Franklin FTSE Brazil ETF in the 4th quarter valued at about $37,000. Parallel Advisors LLC raised its holdings in shares of Franklin FTSE Brazil ETF by 44.4% during the fourth quarter. Parallel Advisors LLC now owns 4,493 shares of the company’s stock valued at $86,000 after acquiring an additional 1,382 shares during the last quarter. ES4 LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the fourth quarter valued at approximately $230,000. Osaic Holdings Inc. lifted its position in shares of Franklin FTSE Brazil ETF by 6.7% in the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock valued at $335,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Franklin FTSE Brazil ETF in the third quarter valued at approximately $431,000.
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.
Further Reading
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