Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Short Interest Update

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 148,160 shares, a growth of 95.1% from the August 15th total of 75,952 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 234,733 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Franklin FTSE Brazil ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLBR. Parallel Advisors LLC grew its stake in Franklin FTSE Brazil ETF by 11.0% in the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after acquiring an additional 494 shares in the last quarter. ES4 LLC purchased a new stake in shares of Franklin FTSE Brazil ETF in the fourth quarter valued at approximately $230,000. Citadel Advisors LLC bought a new position in Franklin FTSE Brazil ETF in the second quarter worth approximately $718,000. Bank of America Corp DE grew its stake in Franklin FTSE Brazil ETF by 30.6% in the first quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after purchasing an additional 17,889 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings 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 purchasing an additional 108,477 shares during the period.

Franklin FTSE Brazil ETF Price Performance

Shares of Franklin FTSE Brazil ETF stock traded up $0.16 on Thursday, reaching $23.55. The company had a trading volume of 234,255 shares, compared to its average volume of 236,524. The firm has a market cap of $579.33 million, a price-to-earnings ratio of 9.04 and a beta of 0.62. The firm’s 50-day moving average price is $22.32 and its two-hundred day moving average price is $22.84. Franklin FTSE Brazil ETF has a 1 year low of $17.65 and a 1 year high of $26.25.

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.