Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Sees Significant Decrease in Short Interest

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 25,840 shares, a decrease of 81.8% from the April 30th total of 142,019 shares. Based on an average daily volume of 310,760 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLBR. Morningstar Investment Management LLC bought a new position in shares of Franklin FTSE Brazil ETF in the third quarter worth $5,054,000. Citadel Advisors LLC bought a new position in shares of Franklin FTSE Brazil ETF in the third quarter worth $3,620,000. Empowered Funds LLC bought a new position in shares of Franklin FTSE Brazil ETF in the first quarter worth $3,092,000. Jane Street Group LLC bought a new position in shares of Franklin FTSE Brazil ETF in the second quarter worth $2,416,000. Finally, Royal Bank of Canada grew its stake in shares of Franklin FTSE Brazil ETF by 884.5% in the fourth quarter. Royal Bank of Canada now owns 129,549 shares of the company’s stock worth $2,468,000 after purchasing an additional 116,390 shares in the last quarter.

Franklin FTSE Brazil ETF Stock Performance

NYSEARCA:FLBR opened at $22.66 on Thursday. Franklin FTSE Brazil ETF has a 1 year low of $16.45 and a 1 year high of $26.25. The stock has a market cap of $566.50 million, a price-to-earnings ratio of 9.04 and a beta of 0.66. The business has a fifty day moving average of $24.03 and a 200-day moving average of $22.23.

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.