Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Short Interest Down 81.8% in May

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 25,840 shares, a decrease of 81.8% from the April 30th total of 142,019 shares. Based on an average daily trading volume, of 310,760 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Franklin FTSE Brazil ETF Stock Performance

FLBR traded down $0.19 on Friday, reaching $22.48. The company had a trading volume of 334,777 shares, compared to its average volume of 287,833. Franklin FTSE Brazil ETF has a fifty-two week low of $16.45 and a fifty-two week high of $26.25. The stock has a market cap of $562 million, a P/E ratio of 9.04 and a beta of 0.66. The company’s fifty day moving average is $24.03 and its 200 day moving average is $22.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLBR. Morningstar Investment Management LLC acquired a new position in Franklin FTSE Brazil ETF in the 3rd quarter valued at about $5,054,000. Citadel Advisors LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the 3rd quarter worth approximately $3,620,000. Empowered Funds LLC bought a new position in shares of Franklin FTSE Brazil ETF during the first quarter worth approximately $3,092,000. Jane Street Group LLC bought a new position in shares of Franklin FTSE Brazil ETF during the second quarter worth approximately $2,416,000. Finally, Royal Bank of Canada increased its holdings in shares of Franklin FTSE Brazil ETF by 884.5% during the fourth quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after purchasing an additional 116,390 shares during the period.

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.