Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Sees Large Growth in Short Interest

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 13,283 shares, a growth of 1,839.1% from the May 31st total of 685 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,475 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Franklin FTSE Mexico ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PCG Wealth Advisors LLC boosted its stake in Franklin FTSE Mexico ETF by 17.5% during the 4th quarter. PCG Wealth Advisors LLC now owns 101,275 shares of the company’s stock valued at $3,428,000 after purchasing an additional 15,053 shares in the last quarter. ES4 LLC bought a new stake in shares of Franklin FTSE Mexico ETF in the 4th quarter worth $472,000. HBW Advisory Services LLC raised its stake in shares of Franklin FTSE Mexico ETF by 11.6% in the 4th quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock worth $370,000 after buying an additional 1,134 shares in the last quarter. Marotta Asset Management lifted its holdings in shares of Franklin FTSE Mexico ETF by 9.7% in the fourth quarter. Marotta Asset Management now owns 58,309 shares of the company’s stock valued at $1,974,000 after buying an additional 5,136 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Franklin FTSE Mexico ETF during the first quarter valued at about $211,000.

Franklin FTSE Mexico ETF Stock Performance

Shares of FLMX stock traded up $0.94 during midday trading on Thursday, reaching $37.49. 3,005 shares of the company were exchanged, compared to its average volume of 24,953. Franklin FTSE Mexico ETF has a 12 month low of $28.81 and a 12 month high of $40.03. The company has a market cap of $89.98 million, a P/E ratio of 12.95 and a beta of 0.77. The company’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $37.10.

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.