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

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 38,668 shares, an increase of 99.2% from the May 14th total of 19,410 shares. Based on an average trading volume of 68,752 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s stock are sold short.

Franklin FTSE Latin America ETF Trading Down 0.1%

Shares of NYSEARCA FLLA traded down $0.02 during midday trading on Monday, reaching $27.50. The company’s stock had a trading volume of 35,738 shares, compared to its average volume of 56,968. Franklin FTSE Latin America ETF has a fifty-two week low of $20.46 and a fifty-two week high of $30.98. The stock has a market capitalization of $107.25 million, a price-to-earnings ratio of 10.26 and a beta of 0.68. The stock has a 50 day simple moving average of $28.59 and a 200-day simple moving average of $27.27.

Institutional Trading of Franklin FTSE Latin America ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Franklin FTSE Latin America ETF by 1.2% in the third quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock valued at $1,309,000 after purchasing an additional 651 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Franklin FTSE Latin America ETF by 7.6% in the first quarter. Quantinno Capital Management LP now owns 13,941 shares of the company’s stock valued at $394,000 after purchasing an additional 988 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of Franklin FTSE Latin America ETF by 5.9% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 23,780 shares of the company’s stock valued at $573,000 after purchasing an additional 1,320 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Franklin FTSE Latin America ETF by 4.7% in the fourth quarter. MML Investors Services LLC now owns 44,281 shares of the company’s stock valued at $1,067,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Comprehensive Money Management Services LLC raised its holdings in shares of Franklin FTSE Latin America ETF by 21.0% in the first quarter. Comprehensive Money Management Services LLC now owns 17,329 shares of the company’s stock valued at $490,000 after purchasing an additional 3,006 shares during the last quarter.

About Franklin FTSE Latin America ETF

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.