Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Large Growth in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 139,921 shares, an increase of 85.9% from the July 15th total of 75,275 shares. Based on an average daily trading volume, of 138,431 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are sold short.

Franklin FTSE Brazil ETF Stock Up 1.1%

Franklin FTSE Brazil ETF stock opened at $20.91 on Tuesday. The stock has a market cap of $514.39 million, a P/E ratio of 9.04 and a beta of 0.62. Franklin FTSE Brazil ETF has a twelve month low of $17.06 and a twelve month high of $26.25. The company’s 50-day moving average price is $21.83 and its two-hundred day moving average price is $22.95.

Hedge Funds Weigh In On Franklin FTSE Brazil ETF

Large investors have recently made changes to their positions in the company. O Brien Greene & Co. Inc lifted its holdings in Franklin FTSE Brazil ETF by 9.0% during the 4th quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after purchasing an additional 52,418 shares during the last quarter. Morningstar Investment Management LLC grew its holdings in Franklin FTSE Brazil ETF by 42.5% in the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock valued at $8,148,000 after buying an additional 101,763 shares in the last quarter. Royal Bank of Canada increased its position in 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 buying an additional 108,477 shares during the period. Citadel Advisors LLC bought a new position in Franklin FTSE Brazil ETF during the 3rd quarter worth $3,620,000. Finally, Empowered Funds LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the first quarter worth $3,092,000.

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.