Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Sees Large Increase in Short Interest

Franklin FTSE Mexico ETF (NYSEARCA:FLMX) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 35,613 shares, an increase of 140.2% from the August 31st total of 14,827 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 4,625 shares, the short-interest ratio is presently 7.7 days.

Franklin FTSE Mexico ETF Trading Down 1.2%

Shares of FLMX traded down $0.42 during midday trading on Monday, hitting $35.08. The stock had a trading volume of 12,438 shares, compared to its average volume of 19,315. Franklin FTSE Mexico ETF has a fifty-two week low of $31.32 and a fifty-two week high of $40.03. The business has a 50-day simple moving average of $36.81 and a two-hundred day simple moving average of $37.18. The firm has a market cap of $80.68 million, a P/E ratio of 12.95 and a beta of 0.76.

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLMX. Hsbc Holdings PLC raised its stake in Franklin FTSE Mexico ETF by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 556,830 shares of the company’s stock valued at $20,445,000 after purchasing an additional 9,280 shares during the period. PCG Wealth Advisors LLC boosted its position in shares of Franklin FTSE Mexico ETF by 1.1% in the second quarter. PCG Wealth Advisors LLC now owns 101,810 shares of the company’s stock worth $3,728,000 after buying an additional 1,120 shares during the period. Royal Bank of Canada boosted its position in shares of Franklin FTSE Mexico ETF by 313.1% in the first quarter. Royal Bank of Canada now owns 93,292 shares of the company’s stock worth $3,426,000 after buying an additional 70,706 shares during the period. Citadel Advisors LLC boosted its position in shares of Franklin FTSE Mexico ETF by 19.8% in the second quarter. Citadel Advisors LLC now owns 33,249 shares of the company’s stock worth $1,217,000 after buying an additional 5,505 shares during the period. Finally, HBW Advisory Services LLC grew its holdings in shares of Franklin FTSE Mexico ETF by 41.8% during the first quarter. HBW Advisory Services LLC now owns 15,492 shares of the company’s stock valued at $569,000 after buying an additional 4,565 shares in the last quarter.

Franklin FTSE Mexico ETF Company Profile

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.