Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Up 96.5% in July

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,677 shares, a growth of 96.5% from the June 30th total of 3,907 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,931 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

A number of institutional investors have recently added to or reduced their stakes in FLMX. Royal Bank of Canada boosted its position in Franklin FTSE Mexico ETF by 313.1% in the 1st quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock valued at $3,426,000 after buying an additional 70,706 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Franklin FTSE Mexico ETF during the first quarter worth about $211,000. HBW Advisory Services LLC lifted its stake in shares of Franklin FTSE Mexico ETF by 41.8% in the first quarter. HBW Advisory Services LLC now owns 15,492 shares of the company’s stock worth $569,000 after acquiring an additional 4,565 shares in the last quarter. Kaizen Financial Strategies lifted its stake in shares of Franklin FTSE Mexico ETF by 9.2% in the first quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock worth $352,000 after acquiring an additional 769 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Franklin FTSE Mexico ETF by 1.7% in the first quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock valued at $20,445,000 after purchasing an additional 9,280 shares during the last quarter.

Franklin FTSE Mexico ETF Trading Down 1.5%

NYSEARCA FLMX opened at $36.79 on Thursday. The stock has a market cap of $84.62 million, a P/E ratio of 12.95 and a beta of 0.77. The company’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $37.53. Franklin FTSE Mexico ETF has a 52 week low of $28.85 and a 52 week high of $40.03.

Franklin FTSE Mexico ETF Company Profile

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.