Franklin FTSE Latin America ETF (NYSEARCA:FLLA – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 76,815 shares, a growth of 88.7% from the June 30th total of 40,699 shares. Based on an average daily volume of 25,725 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.9% of the shares of the company are sold short.
Institutional Investors Weigh In On Franklin FTSE Latin America ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Financial Network Inc. bought a new stake in shares of Franklin FTSE Latin America ETF in the second quarter valued at approximately $290,000. Bank of America Corp DE grew its position in Franklin FTSE Latin America ETF by 24.9% during the first quarter. Bank of America Corp DE now owns 81,082 shares of the company’s stock worth $2,293,000 after buying an additional 16,168 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Franklin FTSE Latin America ETF during the 1st quarter worth $90,000. Quantinno Capital Management LP increased its stake in Franklin FTSE Latin America ETF by 7.6% during the 1st quarter. Quantinno Capital Management LP now owns 13,941 shares of the company’s stock worth $394,000 after acquiring an additional 988 shares during the period. Finally, Procyon Advisors LLC acquired a new position in Franklin FTSE Latin America ETF in the 1st quarter valued at $368,000.
Franklin FTSE Latin America ETF Stock Down 0.8%
NYSEARCA FLLA opened at $27.03 on Thursday. The firm has a 50-day moving average price of $27.09 and a two-hundred day moving average price of $27.81. Franklin FTSE Latin America ETF has a 12-month low of $20.46 and a 12-month high of $30.98. The company has a market capitalization of $108.12 million, a P/E ratio of 10.26 and a beta of 0.69.
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.
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