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

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 75,275 shares, a growth of 536.9% from the June 30th total of 11,819 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 77,123 shares, the short-interest ratio is currently 1.0 days.

Franklin FTSE Brazil ETF Stock Down 1.7%

FLBR traded down $0.38 during midday trading on Friday, reaching $22.21. 291,202 shares of the company’s stock were exchanged, compared to its average volume of 248,993. The firm has a market capitalization of $537.48 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The business has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $22.78. Franklin FTSE Brazil ETF has a one year low of $16.45 and a one year high of $26.25.

Institutional Investors Weigh In On Franklin FTSE Brazil ETF

Several institutional investors have recently added to or reduced their stakes in FLBR. Kestra Advisory Services LLC acquired a new position in Franklin FTSE Brazil ETF during the fourth quarter valued at approximately $37,000. Parallel Advisors LLC boosted its position in shares of 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 acquiring an additional 1,382 shares in the last quarter. Sunpointe LLC acquired a new stake in shares of Franklin FTSE Brazil ETF in the 4th quarter valued at approximately $203,000. ES4 LLC acquired a new position in shares of Franklin FTSE Brazil ETF during the fourth quarter worth $230,000. Finally, Osaic Holdings Inc. boosted its stake 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 valued at $335,000 after purchasing an additional 1,174 shares in the last quarter.

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.