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

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 28,826 shares, a decline of 49.2% from the August 15th total of 56,780 shares. Based on an average daily trading volume, of 22,564 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

Franklin FTSE Latin America ETF Stock Down 0.1%

Shares of Franklin FTSE Latin America ETF stock traded down $0.03 during trading hours on Tuesday, hitting $28.05. The company’s stock had a trading volume of 10,486 shares, compared to its average volume of 45,343. The business has a fifty day moving average of $27.29 and a 200 day moving average of $27.74. Franklin FTSE Latin America ETF has a 1-year low of $21.88 and a 1-year high of $30.98. The company has a market capitalization of $112.20 million, a PE ratio of 10.26 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLLA. Principia Wealth Advisory LLC acquired a new stake in Franklin FTSE Latin America ETF in the second quarter valued at approximately $4,087,000. Bank of America Corp DE grew its holdings in Franklin FTSE Latin America ETF by 24.9% during the 1st quarter. Bank of America Corp DE now owns 81,082 shares of the company’s stock valued at $2,293,000 after purchasing an additional 16,168 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Franklin FTSE Latin America ETF during the 1st quarter valued at $1,293,000. Baker Ellis Asset Management LLC lifted its holdings in Franklin FTSE Latin America ETF by 139.4% in the 1st quarter. Baker Ellis Asset Management LLC now owns 28,725 shares of the company’s stock worth $812,000 after buying an additional 16,725 shares in the last quarter. Finally, Comprehensive Money Management Services LLC boosted its position in Franklin FTSE Latin America ETF by 21.0% in the 1st quarter. Comprehensive Money Management Services LLC now owns 17,329 shares of the company’s stock valued at $490,000 after buying an additional 3,006 shares during the last quarter.

About Franklin FTSE Latin America ETF

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.