Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Short Interest Update

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 198,713 shares, a drop of 20.8% from the January 15th total of 250,916 shares. Currently, 7.9% of the shares of the company are sold short. Based on an average daily volume of 66,444 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 66,444 shares, the days-to-cover ratio is presently 3.0 days. Currently, 7.9% of the shares of the company are sold short.

Franklin FTSE Latin America ETF Trading Down 0.5%

NYSEARCA:FLLA traded down $0.13 during mid-day trading on Monday, hitting $28.70. 44,836 shares of the company’s stock traded hands, compared to its average volume of 53,315. Franklin FTSE Latin America ETF has a 12 month low of $17.46 and a 12 month high of $29.45. The firm has a market capitalization of $71.75 million, a price-to-earnings ratio of 10.26 and a beta of 0.90. The firm has a 50 day moving average of $26.10 and a two-hundred day moving average of $24.11.

Institutional Investors Weigh In On Franklin FTSE Latin America ETF

Several hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance raised its holdings in Franklin FTSE Latin America ETF by 288.9% in the 3rd quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock valued at $898,000 after acquiring an additional 28,455 shares in the last quarter. Old Port Advisors lifted its position in Franklin FTSE Latin America ETF by 49.6% in the third quarter. Old Port Advisors now owns 107,406 shares of the company’s stock worth $2,517,000 after purchasing an additional 35,608 shares during the period. Wealthspire Advisors LLC bought a new stake in Franklin FTSE Latin America ETF in the 2nd quarter valued at $274,000. WealthShield Partners LLC bought a new stake in Franklin FTSE Latin America ETF in the 2nd quarter valued at $62,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of Franklin FTSE Latin America ETF in the 2nd quarter valued at $1,780,000.

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.