Short Interest in Franklin FTSE Mexico ETF (NYSEARCA:FLMX) Increases By 189.8%

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

Franklin FTSE Mexico ETF Price Performance

FLMX traded down $0.23 during trading on Thursday, reaching $37.36. The company had a trading volume of 2,392 shares, compared to its average volume of 20,398. The company has a market cap of $85.93 million, a P/E ratio of 12.95 and a beta of 0.77. Franklin FTSE Mexico ETF has a 12 month low of $30.02 and a 12 month high of $40.03. The business’s fifty day moving average price is $36.99 and its 200 day moving average price is $37.55.

Hedge Funds Weigh In On Franklin FTSE Mexico ETF

A number of large investors have recently added to or reduced their stakes in FLMX. Hsbc Holdings PLC raised its stake in shares of Franklin FTSE Mexico ETF by 1.7% in 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 grew its holdings in shares of Franklin FTSE Mexico ETF by 1.1% during 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 in the last quarter. Royal Bank of Canada grew its holdings in shares of Franklin FTSE Mexico ETF by 313.1% during 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 in the last quarter. Goldman Sachs Group Inc. raised its position in Franklin FTSE Mexico ETF by 106.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,159 shares of the company’s stock valued at $1,427,000 after buying an additional 21,735 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its stake in Franklin FTSE Mexico ETF by 41.8% in the 1st quarter. HBW Advisory Services LLC now owns 15,492 shares of the company’s stock valued at $569,000 after acquiring an additional 4,565 shares in the last quarter.

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.