Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Significant Growth in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 75,275 shares, an increase of 536.9% from the June 30th total of 11,819 shares. Based on an average daily trading volume, of 77,123 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. ES4 LLC raised its stake in shares of Franklin FTSE Brazil ETF by 244.5% during the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after purchasing an additional 29,524 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Franklin FTSE Brazil ETF by 9.0% in the 4th quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock valued at $12,089,000 after buying an additional 52,418 shares during the last quarter. Morningstar Investment Management LLC increased its stake in Franklin FTSE Brazil ETF by 42.5% in the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after buying an additional 101,763 shares during the period. Sunpointe LLC acquired a new position in Franklin FTSE Brazil ETF in the 4th quarter valued at $203,000. Finally, Empowered Funds LLC purchased a new position in Franklin FTSE Brazil ETF during the 1st quarter worth $3,092,000.

Franklin FTSE Brazil ETF Price Performance

Shares of FLBR stock opened at $22.21 on Monday. The stock has a market capitalization of $537.48 million, a PE ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a 52-week low of $16.45 and a 52-week high of $26.25. The stock’s 50-day moving average price is $22.03 and its 200 day moving average price is $22.80.

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.