Franklin FTSE Mexico ETF (NYSEARCA:FLMX – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,677 shares, an increase of 96.5% from the June 30th total of 3,907 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,931 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLMX. Osaic Holdings Inc. raised its holdings in Franklin FTSE Mexico ETF by 7.6% in the fourth quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock worth $300,000 after buying an additional 626 shares during the last quarter. Comprehensive Money Management Services LLC grew its holdings in shares of Franklin FTSE Mexico ETF by 9.4% during the first quarter. Comprehensive Money Management Services LLC now owns 8,180 shares of the company’s stock valued at $300,000 after buying an additional 700 shares during the last quarter. Kaizen Financial Strategies grew its holdings in shares of Franklin FTSE Mexico ETF by 9.2% during the first quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock valued at $352,000 after buying an additional 769 shares during the last quarter. HBW Advisory Services LLC increased its position in shares of Franklin FTSE Mexico ETF by 11.6% during the fourth quarter. HBW Advisory Services LLC now owns 10,927 shares of the company’s stock valued at $370,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Franklin FTSE Mexico ETF by 43.1% during the third quarter. Bank of America Corp DE now owns 15,244 shares of the company’s stock valued at $506,000 after acquiring an additional 4,593 shares in the last quarter.
Franklin FTSE Mexico ETF Stock Down 0.0%
Shares of NYSEARCA FLMX traded down $0.01 on Friday, reaching $37.49. 35,043 shares of the company’s stock traded hands, compared to its average volume of 21,782. The business’s 50 day simple moving average is $37.32 and its two-hundred day simple moving average is $37.54. Franklin FTSE Mexico ETF has a 12 month low of $28.85 and a 12 month high of $40.03. The company has a market cap of $86.23 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.
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