Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Down 70.6% in June

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,907 shares, a decrease of 70.6% from the June 15th total of 13,283 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,038 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLMX. PCG Wealth Advisors LLC acquired a new position in shares of Franklin FTSE Mexico ETF in the third quarter valued at $2,861,000. Royal Bank of Canada lifted its stake in shares of Franklin FTSE Mexico ETF by 313.1% in the 1st quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock valued at $3,426,000 after acquiring an additional 70,706 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Franklin FTSE Mexico ETF by 106.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock worth $1,427,000 after buying an additional 21,735 shares during the period. ES4 LLC bought a new stake in shares of Franklin FTSE Mexico ETF in the 4th quarter valued at about $472,000. Finally, Hsbc Holdings PLC raised its stake in Franklin FTSE Mexico ETF by 1.7% during the first quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock worth $20,445,000 after buying an additional 9,280 shares during the last quarter.

Franklin FTSE Mexico ETF Trading Up 0.9%

FLMX stock traded up $0.33 during trading on Friday, hitting $36.50. 3,408 shares of the stock traded hands, compared to its average volume of 23,736. The company has a 50 day simple moving average of $37.76 and a 200 day simple moving average of $37.30. Franklin FTSE Mexico ETF has a one year low of $28.81 and a one year high of $40.03. The stock has a market cap of $83.95 million, a price-to-earnings ratio of 12.95 and a beta of 0.77.

Franklin FTSE Mexico ETF Company Profile

The Franklin FTSE Mexico ETF (FLMX) is an exchange-traded fund that is based on the FTSE Mexico RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Mexican equities. FLMX was launched on Nov 3, 2017 and is managed by Franklin Templeton.