Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Stock Short Interest Jumps 360.7%

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 890,990 shares, an increase of 360.7% from the October 15th total of 193,392 shares. Based on an average daily volume of 516,130 shares, the short-interest ratio is presently 1.7 days. Currently, 3.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Morningstar Investment Management LLC lifted its holdings in shares of Franklin FTSE Brazil ETF by 42.5% during the first quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after acquiring an additional 101,763 shares during the period. Royal Bank of Canada increased its position in shares of Franklin FTSE Brazil ETF by 83.7% during the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after purchasing an additional 108,477 shares in the last quarter. MMA Asset Management LLC increased its position in shares of Franklin FTSE Brazil ETF by 1.9% during the 3rd quarter. MMA Asset Management LLC now owns 129,004 shares of the company’s stock worth $3,019,000 after purchasing an additional 2,346 shares in the last quarter. Whitcomb & Hess Inc. lifted its holdings in Franklin FTSE Brazil ETF by 1.4% during the 3rd quarter. Whitcomb & Hess Inc. now owns 84,023 shares of the company’s stock valued at $1,966,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock valued at $1,825,000 after purchasing an additional 17,889 shares during the last quarter.

Franklin FTSE Brazil ETF Price Performance

Shares of FLBR traded up $0.14 during mid-day trading on Wednesday, reaching $20.21. The company had a trading volume of 22,854 shares, compared to its average volume of 253,430. The company has a market capitalization of $561.78 million, a P/E ratio of 9.07 and a beta of 0.68. Franklin FTSE Brazil ETF has a twelve month low of $18.80 and a twelve month high of $27.42. The company’s 50-day moving average is $23.68 and its 200-day moving average is $23.07.

Franklin FTSE Brazil ETF Company Profile

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.