Franklin FTSE Brazil ETF (NYSEARCA:FLBR) Short Interest Up 95.1% in August

Franklin FTSE Brazil ETF (NYSEARCA:FLBR) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 148,160 shares, a growth of 95.1% from the August 15th total of 75,952 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 234,733 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Franklin FTSE Brazil ETF

A number of hedge funds have recently added to or reduced their stakes in FLBR. ES4 LLC raised its stake in Franklin FTSE Brazil ETF by 244.5% during 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 period. Royal Bank of Canada grew its stake in shares of 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 valued at $5,686,000 after buying an additional 108,477 shares during the period. Morningstar Investment Management LLC increased its holdings in shares of 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 buying an additional 101,763 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Franklin FTSE Brazil ETF during the 2nd quarter worth $718,000. Finally, Bank of America Corp DE raised its position 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 buying an additional 17,889 shares during the period.

Franklin FTSE Brazil ETF Stock Up 0.6%

Shares of FLBR stock traded up $0.14 during mid-day trading on Tuesday, hitting $23.62. 36,998 shares of the company’s stock were exchanged, compared to its average volume of 232,957. Franklin FTSE Brazil ETF has a fifty-two week low of $17.65 and a fifty-two week high of $26.25. The stock has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $22.85. The stock has a market cap of $581.15 million, a price-to-earnings ratio of 9.04 and a beta of 0.62.

Franklin FTSE Brazil ETF Company Profile

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.