Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Update

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 16,822 shares, a growth of 189.8% from the July 30th total of 5,805 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 10,528 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Franklin FTSE Mexico ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. PCG Wealth Advisors LLC lifted its holdings in shares of Franklin FTSE Mexico ETF by 1.1% in the second quarter. PCG Wealth Advisors LLC now owns 101,810 shares of the company’s stock valued at $3,728,000 after purchasing an additional 1,120 shares in the last quarter. F&V Capital Management LLC acquired a new position in shares of Franklin FTSE Mexico ETF during the 2nd quarter worth approximately $248,000. Royal Bank of Canada lifted its stake 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 in the last quarter. Sanctuary Advisors LLC purchased a new stake in Franklin FTSE Mexico ETF in the 1st quarter valued at approximately $211,000. Finally, HBW Advisory Services LLC grew its holdings in Franklin FTSE Mexico ETF by 41.8% during the 1st quarter. HBW Advisory Services LLC now owns 15,492 shares of the company’s stock valued at $569,000 after buying an additional 4,565 shares during the last quarter.

Franklin FTSE Mexico ETF Stock Performance

FLMX stock traded down $0.29 during trading on Friday, reaching $37.07. 2,288 shares of the company were exchanged, compared to its average volume of 20,288. The company has a market cap of $85.26 million, a P/E ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a 52-week low of $30.02 and a 52-week high of $40.03. The stock’s 50 day moving average price is $36.94 and its 200 day moving average price is $37.53.

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.