Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Large Decline in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,853 shares, a drop of 77.5% from the April 15th total of 39,334 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 61,241 shares, the short-interest ratio is currently 0.1 days.

Franklin FTSE Latin America ETF Stock Down 2.1%

NYSEARCA FLLA traded down $0.61 on Wednesday, reaching $28.23. The company had a trading volume of 91,069 shares, compared to its average volume of 59,979. The stock has a market capitalization of $110.10 million, a PE ratio of 10.26 and a beta of 0.71. The firm’s 50 day moving average price is $28.48 and its 200 day moving average price is $26.73. Franklin FTSE Latin America ETF has a 12 month low of $20.46 and a 12 month high of $30.98.

Institutional Trading of Franklin FTSE Latin America ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLLA. WealthShield Partners LLC increased its holdings in Franklin FTSE Latin America ETF by 197.9% in the 4th quarter. WealthShield Partners LLC now owns 8,504 shares of the company’s stock valued at $205,000 after acquiring an additional 5,649 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Franklin FTSE Latin America ETF in the 2nd quarter valued at $252,000. Baker Ellis Asset Management LLC bought a new stake in Franklin FTSE Latin America ETF in the 4th quarter valued at $289,000. Orion Porfolio Solutions LLC bought a new stake in Franklin FTSE Latin America ETF in the 4th quarter valued at $313,000. Finally, Procyon Advisors LLC bought a new stake in Franklin FTSE Latin America ETF in the 1st quarter valued at $368,000.

Franklin FTSE Latin America ETF Company Profile

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.