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

by · The Markets Daily

Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 139,921 shares, an increase of 85.9% from the July 15th total of 75,275 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 138,431 shares, the short-interest ratio is currently 1.0 days.

Franklin FTSE Brazil ETF Trading Down 0.7%

Franklin FTSE Brazil ETF stock traded down $0.15 during trading on Friday, hitting $20.69. 282,213 shares of the company were exchanged, compared to its average volume of 240,467. The company has a market capitalization of $508.97 million, a P/E ratio of 9.04 and a beta of 0.62. The business’s 50 day moving average is $21.83 and its 200 day moving average is $22.96. Franklin FTSE Brazil ETF has a 52 week low of $17.06 and a 52 week high of $26.25.

Institutional Trading of Franklin FTSE Brazil ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Morningstar Investment Management LLC purchased a new position in Franklin FTSE Brazil ETF during the third quarter worth about $5,054,000. Citadel Advisors LLC bought a new stake in Franklin FTSE Brazil ETF in the 3rd quarter worth about $3,620,000. Empowered Funds LLC purchased a new stake in Franklin FTSE Brazil ETF in the 1st quarter valued at about $3,092,000. Jane Street Group LLC purchased a new stake in Franklin FTSE Brazil ETF in the 2nd quarter valued at about $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 in the last quarter.

About Franklin FTSE Brazil ETF

(Get Free Report)

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.

See Also