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

Franklin FTSE Latin America ETF (NYSEARCA:FLLA) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 76,815 shares, a growth of 88.7% from the June 30th total of 40,699 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 25,725 shares, the short-interest ratio is presently 3.0 days.

Franklin FTSE Latin America ETF Trading Down 0.8%

Franklin FTSE Latin America ETF stock opened at $27.03 on Thursday. Franklin FTSE Latin America ETF has a 12 month low of $20.46 and a 12 month high of $30.98. The stock’s 50 day moving average is $27.09 and its 200-day moving average is $27.81. The company has a market capitalization of $108.12 million, a price-to-earnings ratio of 10.26 and a beta of 0.69.

Institutional Trading of Franklin FTSE Latin America ETF

Several institutional investors have recently added to or reduced their stakes in FLLA. Flow Traders U.S. LLC acquired a new position in Franklin FTSE Latin America ETF in the 2nd quarter valued at $252,000. Raymond James Financial Inc. increased its position in Franklin FTSE Latin America ETF by 23.2% during the 2nd quarter. Raymond James Financial Inc. now owns 68,096 shares of the company’s stock worth $1,478,000 after buying an additional 12,836 shares during the period. MML Investors Services LLC increased its position in Franklin FTSE Latin America ETF by 5.9% during the 2nd quarter. MML Investors Services LLC now owns 42,423 shares of the company’s stock worth $921,000 after buying an additional 2,378 shares during the period. Bank of America Corp DE lifted its holdings in shares of Franklin FTSE Latin America ETF by 1.2% during the third quarter. Bank of America Corp DE now owns 55,842 shares of the company’s stock worth $1,309,000 after buying an additional 651 shares in the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new stake in shares of Franklin FTSE Latin America ETF during the fourth quarter worth $289,000.

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.