Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Short Interest Up 189.8% in August

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 16,822 shares, an increase of 189.8% from the July 30th total of 5,805 shares. Based on an average daily trading volume, of 10,528 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Franklin FTSE Mexico ETF

Several large investors have recently made changes to their positions in FLMX. Sanctuary Advisors LLC bought a new position in shares of Franklin FTSE Mexico ETF in the first quarter valued at $211,000. F&V Capital Management LLC bought a new position in shares of Franklin FTSE Mexico ETF in the 2nd quarter valued at about $248,000. Osaic Holdings Inc. grew its position in shares of Franklin FTSE Mexico ETF by 7.6% in the 4th quarter. Osaic Holdings Inc. now owns 8,854 shares of the company’s stock valued at $300,000 after acquiring an additional 626 shares during the period. Comprehensive Money Management Services LLC increased its stake in shares of Franklin FTSE Mexico ETF by 9.4% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,180 shares of the company’s stock worth $300,000 after purchasing an additional 700 shares during the last quarter. Finally, Kaizen Financial Strategies raised its holdings in shares of Franklin FTSE Mexico ETF by 9.2% in the 1st quarter. Kaizen Financial Strategies now owns 9,163 shares of the company’s stock valued at $352,000 after purchasing an additional 769 shares during the period.

Franklin FTSE Mexico ETF Stock Down 0.6%

Shares of NYSEARCA:FLMX traded down $0.23 during midday trading on Thursday, reaching $37.36. The company had a trading volume of 2,392 shares, compared to its average volume of 20,398. Franklin FTSE Mexico ETF has a 1-year low of $30.02 and a 1-year high of $40.03. The stock has a market cap of $85.93 million, a PE ratio of 12.95 and a beta of 0.77. The business’s 50 day moving average price is $36.99 and its 200 day moving average price is $37.55.

About Franklin FTSE Mexico ETF

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.