Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Shares Shorted: Short Interest Up 140.2% in September

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,613 shares, a growth of 140.2% from the August 31st total of 14,827 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,625 shares, the short-interest ratio is presently 7.7 days.

Franklin FTSE Mexico ETF Price Performance

FLMX stock traded up $0.37 during trading on Friday, hitting $35.50. 1,720 shares of the stock traded hands, compared to its average volume of 19,352. The stock has a market cap of $81.65 million, a price-to-earnings ratio of 12.95 and a beta of 0.76. Franklin FTSE Mexico ETF has a 1 year low of $31.32 and a 1 year high of $40.03. The firm’s 50 day moving average is $36.81 and its two-hundred day moving average is $37.18.

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of 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 worth $3,426,000 after purchasing an additional 70,706 shares during the period. ES4 LLC bought a new stake in Franklin FTSE Mexico ETF during the fourth quarter valued at approximately $472,000. Hsbc Holdings PLC grew its position in Franklin FTSE Mexico ETF by 1.7% during the first quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock valued at $20,445,000 after buying an additional 9,280 shares during the period. F&V Capital Management LLC purchased a new stake in Franklin FTSE Mexico ETF during the second quarter valued at approximately $248,000. Finally, Sanctuary Advisors LLC purchased a new stake in Franklin FTSE Mexico ETF during the first quarter valued at approximately $211,000.

Franklin FTSE Mexico ETF Company Profile

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.