Franklin FTSE Latin America ETF (NYSEARCA:FLLA) Sees Significant Growth in Short Interest

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,410 shares, an increase of 119.2% from the April 30th total of 8,853 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 60,761 shares, the short-interest ratio is presently 0.3 days.

Franklin FTSE Latin America ETF Trading Down 0.4%

NYSEARCA:FLLA traded down $0.12 during trading hours on Tuesday, hitting $27.57. 33,437 shares of the company were exchanged, compared to its average volume of 59,850. The company has a fifty day simple moving average of $28.66 and a 200 day simple moving average of $27.11. Franklin FTSE Latin America ETF has a one year low of $20.46 and a one year high of $30.98. The stock has a market capitalization of $107.52 million, a price-to-earnings ratio of 10.26 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLLA. Janney Montgomery Scott LLC bought a new position in shares of Franklin FTSE Latin America ETF in the 1st quarter worth about $1,293,000. Jane Street Group LLC bought a new position in shares of Franklin FTSE Latin America ETF in the 4th quarter worth about $858,000. Lazard Asset Management LLC bought a new position in shares of Franklin FTSE Latin America ETF in the 4th quarter worth about $752,000. Independent Advisor Alliance raised its position in shares of Franklin FTSE Latin America ETF by 288.9% in the 3rd quarter. Independent Advisor Alliance now owns 38,303 shares of the company’s stock worth $898,000 after acquiring an additional 28,455 shares in the last quarter. Finally, Old Port Advisors raised its position in shares of Franklin FTSE Latin America ETF by 18.5% in the 4th quarter. Old Port Advisors now owns 127,230 shares of the company’s stock worth $3,065,000 after acquiring an additional 19,824 shares in the last quarter.

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.