Short Interest in Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Declines By 45.7%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 75,952 shares, a decline of 45.7% from the July 30th total of 139,921 shares. Based on an average daily trading volume, of 173,447 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Franklin FTSE Brazil ETF

A number of institutional investors have recently made changes to their positions in FLBR. Kestra Advisory Services LLC acquired a new position in Franklin FTSE Brazil ETF in the 4th quarter valued at $37,000. Parallel Advisors LLC boosted its stake in Franklin FTSE Brazil ETF by 44.4% during 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. ES4 LLC acquired a new stake in Franklin FTSE Brazil ETF during the 4th quarter worth $230,000. Osaic Holdings Inc. grew its holdings in shares of Franklin FTSE Brazil ETF by 6.7% during the second quarter. Osaic Holdings Inc. now owns 18,659 shares of the company’s stock worth $335,000 after buying an additional 1,174 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Franklin FTSE Brazil ETF during the third quarter worth $431,000.

Franklin FTSE Brazil ETF Trading Up 1.5%

NYSEARCA:FLBR traded up $0.32 during trading hours on Monday, hitting $22.31. 139,951 shares of the stock were exchanged, compared to its average volume of 240,097. Franklin FTSE Brazil ETF has a 52-week low of $17.65 and a 52-week high of $26.25. The firm’s fifty day moving average price is $21.82 and its 200 day moving average price is $22.86. The company has a market cap of $548.83 million, a P/E ratio of 9.04 and a beta of 0.62.

About Franklin FTSE Brazil ETF

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.