Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Declines By 38.9%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 15,787 shares, a decrease of 38.9% from the May 14th total of 25,840 shares. Based on an average daily volume of 207,561 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Franklin FTSE Brazil ETF Stock Down 0.4%

NYSEARCA FLBR traded down $0.09 on Monday, hitting $21.97. The stock had a trading volume of 67,351 shares, compared to its average volume of 277,798. Franklin FTSE Brazil ETF has a one year low of $16.45 and a one year high of $26.25. The stock has a market cap of $549.25 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The company’s 50-day moving average is $23.81 and its two-hundred day moving average is $22.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLBR. Kestra Advisory Services LLC bought a new position in Franklin FTSE Brazil ETF in the 4th quarter worth about $37,000. Parallel Advisors LLC grew its position in Franklin FTSE Brazil ETF by 44.4% in the 4th quarter. Parallel Advisors LLC now owns 4,493 shares of the company’s stock worth $86,000 after purchasing an additional 1,382 shares during the last quarter. Sunpointe LLC bought a new position in Franklin FTSE Brazil ETF in the 4th quarter worth about $203,000. ES4 LLC bought a new position in Franklin FTSE Brazil ETF in the 4th quarter worth about $230,000. Finally, Osaic Holdings Inc. grew its position in Franklin FTSE Brazil ETF by 6.7% in the 2nd quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock worth $335,000 after purchasing an additional 1,174 shares during the last quarter.

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.