Short Interest in Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Declines By 70.6%

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,907 shares, a drop of 70.6% from the June 15th total of 13,283 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 10,038 shares, the days-to-cover ratio is currently 0.4 days.

Franklin FTSE Mexico ETF Stock Up 0.9%

FLMX traded up $0.33 on Friday, hitting $36.50. The company’s stock had a trading volume of 3,408 shares, compared to its average volume of 23,736. Franklin FTSE Mexico ETF has a 12 month low of $28.81 and a 12 month high of $40.03. The firm has a market cap of $83.95 million, a P/E ratio of 12.95 and a beta of 0.77. The company’s 50 day simple moving average is $37.76 and its 200-day simple moving average is $37.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Franklin FTSE Mexico ETF by 313.1% during the first 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 period. Sanctuary Advisors LLC bought a new position in shares of Franklin FTSE Mexico ETF during the first quarter valued at approximately $211,000. HBW Advisory Services LLC boosted its stake in 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 valued at $569,000 after acquiring an additional 4,565 shares in the last quarter. Kaizen Financial Strategies raised its stake in Franklin FTSE Mexico ETF by 9.2% in the 1st quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock worth $352,000 after acquiring an additional 769 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Franklin FTSE Mexico ETF by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock worth $20,445,000 after purchasing an additional 9,280 shares during the period.

About Franklin FTSE Mexico ETF

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.