Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Growth in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 38,668 shares, a growth of 99.2% from the May 14th total of 19,410 shares. Based on an average daily volume of 68,752 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s shares are sold short.

Franklin FTSE Latin America ETF Trading Down 0.5%

NYSEARCA FLLA traded down $0.14 during trading on Tuesday, hitting $27.36. The company had a trading volume of 21,637 shares, compared to its average volume of 56,649. Franklin FTSE Latin America ETF has a one year low of $20.46 and a one year high of $30.98. The company has a market cap of $106.70 million, a price-to-earnings ratio of 10.26 and a beta of 0.68. The company’s fifty day moving average is $28.57 and its 200-day moving average is $27.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in Franklin FTSE Latin America ETF in the 1st quarter worth $90,000. WealthShield Partners LLC raised its holdings in Franklin FTSE Latin America ETF by 197.9% in the 4th quarter. WealthShield Partners LLC now owns 8,504 shares of the company’s stock worth $205,000 after purchasing an additional 5,649 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Franklin FTSE Latin America ETF in the 2nd quarter worth $252,000. Baker Ellis Asset Management LLC bought a new position in Franklin FTSE Latin America ETF in the 4th quarter worth $289,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Franklin FTSE Latin America ETF in the 4th quarter worth about $313,000.

Franklin FTSE Latin America ETF Company Profile

The Franklin FTSE Latin America ETF (FLLA) is an exchange-traded fund that is based on the FTSE Latin America RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Latin American equities. FLLA was launched on Oct 9, 2018 and is managed by Franklin Templeton.