Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Large Decrease in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 75,952 shares, a decline of 45.7% from the July 30th total of 139,921 shares. Based on an average daily volume of 173,447 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Franklin FTSE Brazil ETF Stock Performance

Shares of Franklin FTSE Brazil ETF stock remained flat at $21.99 during trading hours on Friday. The stock had a trading volume of 41,442 shares, compared to its average volume of 240,704. The stock has a market cap of $540.95 million, a P/E ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a 12 month low of $17.65 and a 12 month high of $26.25. The stock has a fifty day moving average of $21.81 and a 200 day moving average of $22.87.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Franklin FTSE Brazil ETF by 30.6% in the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after purchasing an additional 17,889 shares during the period. Royal Bank of Canada grew its position in shares of Franklin FTSE Brazil ETF by 83.7% during the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after buying an additional 108,477 shares during the last quarter. Morningstar Investment Management LLC raised its stake in Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after acquiring an additional 101,763 shares during the period. Parallel Advisors LLC raised its stake in Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after acquiring an additional 494 shares during the period. Finally, ES4 LLC boosted its stake in Franklin FTSE Brazil ETF by 244.5% in the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after acquiring an additional 29,524 shares during the period.

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.