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

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 75,952 shares, a drop of 45.7% from the July 30th total of 139,921 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 173,447 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Franklin FTSE Brazil ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. O Brien Greene & Co. Inc raised its position in Franklin FTSE Brazil ETF by 9.0% in the fourth quarter. O Brien Greene & Co. Inc now owns 634,591 shares of the company’s stock worth $12,089,000 after acquiring an additional 52,418 shares in the last quarter. Morningstar Investment Management LLC raised its holdings in shares of 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 worth $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Franklin FTSE Brazil ETF by 83.7% in 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 in the last quarter. Citadel Advisors LLC acquired a new stake in Franklin FTSE Brazil ETF during the third quarter valued at approximately $3,620,000. Finally, Empowered Funds LLC acquired a new stake in Franklin FTSE Brazil ETF during the first quarter valued at approximately $3,092,000.

Franklin FTSE Brazil ETF Stock Performance

FLBR remained flat at $21.99 during trading on Friday. The company had a trading volume of 41,442 shares, compared to its average volume of 240,704. Franklin FTSE Brazil ETF has a 52-week low of $17.65 and a 52-week high of $26.25. The business’s 50 day moving average price is $21.81 and its 200 day moving average price is $22.87. The firm has a market capitalization of $540.95 million, a PE ratio of 9.04 and a beta of 0.62.

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.