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

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 75,275 shares, an increase of 536.9% from the June 30th total of 11,819 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 77,123 shares, the days-to-cover ratio is presently 1.0 days.

Franklin FTSE Brazil ETF Stock Down 1.7%

FLBR traded down $0.38 during trading on Friday, reaching $22.21. 291,202 shares of the company’s stock were exchanged, compared to its average volume of 248,993. The company has a market capitalization of $537.48 million, a P/E ratio of 9.04 and a beta of 0.62. The business has a 50 day moving average price of $22.03 and a 200 day moving average price of $22.78. Franklin FTSE Brazil ETF has a fifty-two week low of $16.45 and a fifty-two week high of $26.25.

Institutional Trading of Franklin FTSE Brazil ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLBR. Morningstar Investment Management LLC bought a new position in Franklin FTSE Brazil ETF during the third quarter worth about $5,054,000. Citadel Advisors LLC acquired a new position in shares of Franklin FTSE Brazil ETF in the 3rd quarter worth approximately $3,620,000. Empowered Funds LLC acquired a new position in shares of Franklin FTSE Brazil ETF in the 1st quarter worth approximately $3,092,000. Jane Street Group LLC bought a new position in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth approximately $2,416,000. Finally, Royal Bank of Canada lifted its position in shares of Franklin FTSE Brazil ETF by 884.5% during the 4th quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after buying an additional 116,390 shares during the period.

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.