Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Significant Decline in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 142,019 shares, a decrease of 80.4% from the April 15th total of 724,683 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 537,518 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FLBR. Parallel Advisors LLC grew its position in shares of Franklin FTSE Brazil ETF by 11.0% during the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after buying an additional 494 shares during the period. ES4 LLC lifted its holdings in Franklin FTSE Brazil ETF by 244.5% in the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock valued at $994,000 after buying an additional 29,524 shares during the period. Royal Bank of Canada lifted its holdings in Franklin FTSE Brazil ETF by 884.5% in the fourth quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock valued at $2,468,000 after buying an additional 116,390 shares during the period. Focus Partners Wealth bought a new position in Franklin FTSE Brazil ETF in the fourth quarter valued at approximately $1,693,000. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin FTSE Brazil ETF during the 4th quarter worth $37,000.

Franklin FTSE Brazil ETF Stock Down 0.4%

NYSEARCA:FLBR traded down $0.09 during trading hours on Tuesday, hitting $24.21. 6,801 shares of the stock were exchanged, compared to its average volume of 294,520. The company’s 50 day moving average is $23.99 and its two-hundred day moving average is $21.89. Franklin FTSE Brazil ETF has a twelve month low of $16.45 and a twelve month high of $26.25. The company has a market capitalization of $605.25 million, a P/E ratio of 9.04 and a beta of 0.66.

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.