Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Increase in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 19,410 shares, a growth of 119.2% from the April 30th total of 8,853 shares. Based on an average daily volume of 60,761 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLLA. Flow Traders U.S. LLC acquired a new position in Franklin FTSE Latin America ETF in the 2nd quarter valued at about $252,000. Raymond James Financial Inc. grew its stake in Franklin FTSE Latin America ETF by 23.2% in the 2nd quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock valued at $1,478,000 after buying an additional 12,836 shares during the last quarter. MML Investors Services LLC grew its stake in Franklin FTSE Latin America ETF by 5.9% in the 2nd quarter. MML Investors Services LLC now owns 42,423 shares of the company’s stock valued at $921,000 after buying an additional 2,378 shares during the last quarter. Independent Advisor Alliance grew its position in shares of Franklin FTSE Latin America ETF by 288.9% during the 3rd quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock worth $898,000 after purchasing an additional 28,455 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Franklin FTSE Latin America ETF by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock worth $1,309,000 after purchasing an additional 651 shares in the last quarter.

Franklin FTSE Latin America ETF Stock Performance

FLLA traded down $0.27 on Friday, reaching $27.69. The company had a trading volume of 170,026 shares, compared to its average volume of 60,102. Franklin FTSE Latin America ETF has a fifty-two week low of $20.46 and a fifty-two week high of $30.98. The stock has a market cap of $107.99 million, a P/E ratio of 10.26 and a beta of 0.71. The company’s fifty day moving average is $28.65 and its 200 day moving average is $27.08.

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.