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

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 35,613 shares, an increase of 140.2% from the August 31st total of 14,827 shares. Based on an average daily trading volume, of 4,625 shares, the short-interest ratio is currently 7.7 days. Approximately 1.5% of the shares of the company are sold short.

Franklin FTSE Mexico ETF Trading Up 1.1%

Shares of FLMX traded up $0.37 during trading hours on Friday, reaching $35.50. 1,720 shares of the stock traded hands, compared to its average volume of 19,352. The company has a market cap of $81.65 million, a P/E ratio of 12.95 and a beta of 0.76. The company’s 50-day moving average price is $36.81 and its two-hundred day moving average price is $37.18. Franklin FTSE Mexico ETF has a 52-week low of $31.32 and a 52-week high of $40.03.

Institutional Trading of Franklin FTSE Mexico ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in Franklin FTSE Mexico ETF by 313.1% in the 1st quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock worth $3,426,000 after purchasing an additional 70,706 shares during the period. ES4 LLC purchased a new stake in Franklin FTSE Mexico ETF during the 4th quarter valued at approximately $472,000. PCG Wealth Advisors LLC raised its position in shares of Franklin FTSE Mexico ETF by 1.1% during the second quarter. PCG Wealth Advisors LLC now owns 101,810 shares of the company’s stock valued at $3,728,000 after buying an additional 1,120 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Franklin FTSE Mexico ETF by 19.8% during the second quarter. Citadel Advisors LLC now owns 33,249 shares of the company’s stock valued at $1,217,000 after buying an additional 5,505 shares during the last quarter. Finally, F&V Capital Management LLC purchased a new position in shares of Franklin FTSE Mexico ETF in the second quarter worth $248,000.

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.