Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) was the target of a large increase in short interest in 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. Based on an average daily volume of 138,431 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On Franklin FTSE Brazil ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Brazil ETF by 30.6% in the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after acquiring an additional 17,889 shares during the last quarter. Royal Bank of Canada increased its holdings in Franklin FTSE Brazil ETF by 83.7% during the 1st quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock worth $5,686,000 after purchasing an additional 108,477 shares in the last quarter. Morningstar Investment Management LLC increased its holdings in Franklin FTSE Brazil ETF by 42.5% during the 1st quarter. Morningstar Investment Management LLC now owns 341,071 shares of the company’s stock worth $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Parallel Advisors LLC increased its holdings in Franklin FTSE Brazil ETF by 11.0% during the 1st quarter. Parallel Advisors LLC now owns 4,987 shares of the company’s stock worth $119,000 after purchasing an additional 494 shares in the last quarter. Finally, ES4 LLC raised its stake in shares of Franklin FTSE Brazil ETF by 244.5% in the first quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after purchasing an additional 29,524 shares during the last quarter.
Franklin FTSE Brazil ETF Stock Down 0.7%
FLBR stock traded down $0.15 during midday trading on Friday, reaching $20.69. 282,213 shares of the company’s stock traded hands, compared to its average volume of 240,467. The firm’s fifty day moving average price is $21.83 and its 200-day moving average price is $22.96. Franklin FTSE Brazil ETF has a 52 week low of $17.06 and a 52 week high of $26.25. The company has a market cap of $508.97 million, a price-to-earnings ratio of 9.04 and a beta of 0.62.
About Franklin FTSE Brazil ETF
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.
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