Franklin FTSE Brazil ETF (NYSEARCA:FLBR – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 148,160 shares, an increase of 95.1% from the August 15th total of 75,952 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 234,733 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Franklin FTSE Brazil ETF
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Franklin FTSE Brazil ETF by 83.7% during the first quarter. Royal Bank of Canada now owns 238,026 shares of the company’s stock valued at $5,686,000 after purchasing an additional 108,477 shares during the period. Morningstar Investment Management LLC grew 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 valued at $8,148,000 after purchasing an additional 101,763 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Franklin FTSE Brazil ETF during the 2nd quarter valued at $718,000. ES4 LLC increased its stake in Franklin FTSE Brazil ETF by 244.5% during the 1st quarter. ES4 LLC now owns 41,600 shares of the company’s stock worth $994,000 after buying an additional 29,524 shares during the period. Finally, Bank of America Corp DE increased its stake in Franklin FTSE Brazil ETF by 30.6% during the 1st quarter. Bank of America Corp DE now owns 76,371 shares of the company’s stock worth $1,825,000 after buying an additional 17,889 shares during the period.
Franklin FTSE Brazil ETF Stock Performance
Shares of NYSEARCA:FLBR traded up $0.14 during trading on Tuesday, reaching $23.62. 36,998 shares of the stock were exchanged, compared to its average volume of 232,957. Franklin FTSE Brazil ETF has a 12-month low of $17.65 and a 12-month high of $26.25. The firm’s 50-day moving average price is $22.24 and its 200 day moving average price is $22.85. The firm has a market cap of $581.15 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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