Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Short Interest Jumps 360.7%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 890,990 shares, a growth of 360.7% from the October 15th total of 193,392 shares. Based on an average daily volume of 516,130 shares, the short-interest ratio is currently 1.7 days. Approximately 3.2% of the shares of the stock are short sold.

Franklin FTSE Brazil ETF Price Performance

Shares of FLBR stock traded up $0.14 during trading hours on Wednesday, hitting $20.21. 22,854 shares of the company’s stock were exchanged, compared to its average volume of 253,430. The stock’s 50-day moving average is $23.68 and its 200-day moving average is $23.07. The stock has a market cap of $561.78 million, a price-to-earnings ratio of 9.07 and a beta of 0.68. Franklin FTSE Brazil ETF has a 52 week low of $18.80 and a 52 week high of $27.42.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new position in shares of Franklin FTSE Brazil ETF in the third quarter worth about $40,000. Parallel Advisors LLC grew its stake in shares of Franklin FTSE Brazil ETF by 11.0% during the first quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock valued at $119,000 after purchasing an additional 494 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Franklin FTSE Brazil ETF by 31.6% during the third quarter. Armstrong Advisory Group Inc. now owns 9,374 shares of the company’s stock valued at $219,000 after purchasing an additional 2,250 shares during the last quarter. Boltwood Capital Management bought a new stake in shares of Franklin FTSE Brazil ETF during the third quarter valued at approximately $220,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the third quarter valued at approximately $295,000.

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.