Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Down 20.8% in January

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 198,713 shares, a drop of 20.8% from the January 15th total of 250,916 shares. Approximately 7.9% of the shares of the stock are sold short. Based on an average trading volume of 66,444 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 66,444 shares, the short-interest ratio is presently 3.0 days. Approximately 7.9% of the shares of the stock are sold short.

Franklin FTSE Latin America ETF Price Performance

NYSEARCA:FLLA traded down $0.30 on Tuesday, reaching $28.41. The stock had a trading volume of 43,371 shares, compared to its average volume of 52,816. Franklin FTSE Latin America ETF has a 12-month low of $17.46 and a 12-month high of $29.45. The company has a market cap of $71.01 million, a price-to-earnings ratio of 10.26 and a beta of 0.90. The firm’s fifty day moving average is $26.10 and its two-hundred day moving average is $24.11.

Hedge Funds Weigh In On Franklin FTSE Latin America ETF

Several institutional investors have recently added to or reduced their stakes in the business. Simon Quick Advisors LLC acquired a new stake in Franklin FTSE Latin America ETF in the 2nd quarter worth about $1,780,000. WealthShield Partners LLC purchased a new position in shares of Franklin FTSE Latin America ETF during the 2nd quarter worth about $62,000. Wealthspire Advisors LLC acquired a new stake in shares of Franklin FTSE Latin America ETF in the second quarter worth approximately $274,000. Flow Traders U.S. LLC purchased a new stake in Franklin FTSE Latin America ETF in the second quarter valued at approximately $252,000. Finally, Raymond James Financial Inc. grew its holdings in Franklin FTSE Latin America ETF by 23.2% in the second quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock valued at $1,478,000 after purchasing an additional 12,836 shares during the period.

About Franklin FTSE Latin America ETF

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.