Short Interest in Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Drops By 49.2%

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 28,826 shares, a decline of 49.2% from the August 15th total of 56,780 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 22,564 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Franklin FTSE Latin America ETF

A number of large investors have recently bought and sold shares of FLLA. Principia Wealth Advisory LLC acquired a new stake in Franklin FTSE Latin America ETF during the second quarter worth approximately $4,087,000. Janney Montgomery Scott LLC acquired a new position in Franklin FTSE Latin America ETF in the first quarter valued at approximately $1,293,000. Baker Ellis Asset Management LLC lifted its stake in Franklin FTSE Latin America ETF by 139.4% in the first quarter. Baker Ellis Asset Management LLC now owns 28,725 shares of the company’s stock valued at $812,000 after buying an additional 16,725 shares during the period. Focus Financial Network Inc. bought a new position in shares of Franklin FTSE Latin America ETF during the 2nd quarter worth approximately $290,000. Finally, Bank of America Corp DE boosted its holdings in shares of Franklin FTSE Latin America ETF by 24.9% during the 1st quarter. Bank of America Corp DE now owns 81,082 shares of the company’s stock worth $2,293,000 after buying an additional 16,168 shares in the last quarter.

Franklin FTSE Latin America ETF Price Performance

Shares of FLLA traded down $0.32 during trading hours on Wednesday, hitting $27.73. 39,415 shares of the stock were exchanged, compared to its average volume of 45,309. Franklin FTSE Latin America ETF has a fifty-two week low of $21.88 and a fifty-two week high of $30.98. The business has a 50-day moving average of $27.35 and a 200-day moving average of $27.72. The firm has a market capitalization of $138.62 million, a P/E ratio of 10.26 and a beta of 0.69.

Franklin FTSE Latin America ETF Company Profile

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.