Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Sees Large Decline in Short Interest

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 876 shares, a decrease of 56.1% from the April 15th total of 1,996 shares. Based on an average daily volume of 9,009 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Franklin FTSE Mexico ETF

Several institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Franklin FTSE Mexico ETF by 7.6% during the 4th quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock valued at $300,000 after purchasing an additional 626 shares during the last quarter. Comprehensive Money Management Services LLC grew its position in Franklin FTSE Mexico ETF by 9.4% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,180 shares of the company’s stock valued at $300,000 after purchasing an additional 700 shares during the last quarter. Kaizen Financial Strategies grew its position in Franklin FTSE Mexico ETF by 9.2% during the 1st quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock valued at $352,000 after purchasing an additional 769 shares during the last quarter. HBW Advisory Services LLC grew its position in Franklin FTSE Mexico ETF by 11.6% during the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock valued at $370,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Franklin FTSE Mexico ETF by 43.1% during the 3rd quarter. Bank of America Corp DE now owns 15,244 shares of the company’s stock valued at $506,000 after purchasing an additional 4,593 shares during the last quarter.

Franklin FTSE Mexico ETF Price Performance

FLMX stock traded down $0.81 during trading on Friday, hitting $37.70. 8,828 shares of the stock traded hands, compared to its average volume of 28,521. Franklin FTSE Mexico ETF has a 1 year low of $28.13 and a 1 year high of $40.03. The firm’s 50 day moving average is $37.24 and its two-hundred day moving average is $36.09. The stock has a market cap of $90.48 million, a price-to-earnings ratio of 12.95 and a beta of 0.77.

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.