Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Drops By 38.9%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 15,787 shares, a decrease of 38.9% from the May 14th total of 25,840 shares. Based on an average daily volume of 207,561 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. O Brien Greene & Co. Inc increased its holdings in Franklin FTSE Brazil ETF by 9.0% in the fourth quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after purchasing an additional 52,418 shares in the last quarter. Morningstar Investment Management LLC grew its position in shares of Franklin FTSE Brazil ETF by 42.5% during the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after buying an additional 101,763 shares during the period. Royal Bank of Canada increased its stake in shares of Franklin FTSE Brazil ETF by 83.7% in the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after acquiring an additional 108,477 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the 3rd quarter valued at $3,620,000. Finally, Empowered Funds LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the 1st quarter valued at $3,092,000.

Franklin FTSE Brazil ETF Stock Down 0.7%

FLBR opened at $21.81 on Wednesday. Franklin FTSE Brazil ETF has a twelve month low of $16.45 and a twelve month high of $26.25. The company has a fifty day moving average of $23.73 and a 200-day moving average of $22.41. The stock has a market cap of $545.25 million, a PE ratio of 9.04 and a beta of 0.62.

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.